Soundarya Rajinikanth’s Ocher Studios has agreed to furnish bank guarantee as security towards the amounts allegedly borrowed from NAPC Properties Private Limited, Nandanam and Varun Manian.
So the Madras High Court has granted time till December 21 to furnish bank guarantee as security to the tune of Rs 1.60 crore for the release of Ocher Studios Goa.
Justice G Rajasuriya however made it clear that if the security was not furnished by December 21, the order already passed (interim injunction against the release of the film) would hold good.
The Goa controversy would now die down as Ocher Studios is sure to furnish the bank guarantee and the matter would be settled.
Actually the controversy has made the Venkat Prabhu entertainer Goa red hot in the trade. The film will now be the most eagerly awaited Pongal release.
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