The
financial tangle that was threatening
the release of the film Laadam is
finally resolved. The issue came up
for final hearing at the court of
law yesterday and Cosmos Enterprises
agreed to pay the Rs. 50 lakhs that
it was supposed to pay Chozha Creations.
This was conveyed to the court by
an advocate on behalf of Cosmos Enterprises.
Moreover, Cosmos Enterprises demanded for
a certificate stating that the amount dues
have been settled to which the other party
agreed. Later it was stated that the issue
was solved amicably between the parties. On
hearing this, the judge dismissed the case.
So, it is now clear that the stay on the release
of Laadam has been vacated. It is expected
that Laadam will hit the screens some time
soon.
