Four Frames Theatre dispute settled
May 08, 2009

The sale of the erstwhile Good Luck Theatre, owned by the M/s GV Films Limited to Mr. and Mrs. Priyadarshan was confirmed by the Supreme Court Division Bench presided by Justice S.H. Kapadia and Justice Aftab Alam. Confirming the sale, the SC Division Bench upheld the judgment of the High Court of Madras.

The facts of the case is that ace cinematographer and director Priyadarshan and his wife Lizzy purchased the theatre at a public auction held by the Income Tax Department for the dues owed by its owners M/s Sujatha Films Private Limited. However, M/s G.V. Films, which belonged to the late producer G. Venkateswaran, claimed that they are the tenants and opposed the sale. It is worth mentioning here that M/s Sujatha Films Private Limited was owned by the late producer and his wife Sujatha.

The court held that GV Films Limited and Sujatha Films Limited, in collusion, wanted to avoid the tax arrears of Rs. 19 crores and hence foisted the false case to keep Mr. and Mrs. Priyadarshan from taking possession of the property. The property in question is now known as Four Frames Theatre.

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