Magzter GOLDで無制限に
10,000以上の雑誌、新聞、プレミアム記事に無制限にアクセスできます。
試す 金 - 無料
Exorbitant 30 % rate in Tamil film finance under legal lens
The Free Press Journal - Mumbai
|November 25, 2025
The Madras High Court has flagged the demand for a 30 % annual interest rate by film financiers as prima facie exorbitant and potentially usurious, prompting a formal review of its legality under the Tamil Nadu Prohibition of Charging Exorbitant Interest Act 2003.
The Division Bench of Justices S M Subramaniam and Mohammed Shaffiq made the observation while hearing a money-recovery suit involving actor Vishal Krishna Reddy and production house Lyca Productions.
Lyca Productions claims it cleared a loan of ₹21.29 crore originally owed by the actor to another financier, in return for the promise of repayment along with interest at 30 % per annum on a diminishing-balance basis.
When the actor failed to pay, Lyca approached the court for recovery and invoked rights over future film projects. The high court earlier ordered Vishal to deposit ₹15 crore as security and subsequently to pay the principal plus the steep interest. Court records show the loan agreement dated 21 September 2019 admitted by Vishal, and the financial claim including interest mounting to over ₹30 crore.
このストーリーは、The Free Press Journal - Mumbai の November 25, 2025 版からのものです。
Magzter GOLD を購読すると、厳選された何千ものプレミアム記事や、10,000 以上の雑誌や新聞にアクセスできます。
すでに購読者ですか? サインイン
The Free Press Journal - Mumbai からのその他のストーリー
The Free Press Journal
Disrespecting constitution = disrespecting Ambedkar: CM
At a Constitution Day ceremony held at Lok Bhavan in Lucknow, state _ officials emphasised that disrespecting the Constitution undermines the work of Dr.B. R. Ambedkar and other members of the Constituent Assembly.Speaking at the event, the Chief Minister stated that the Constitution granted universal adult franchise from the day it came into effect, ensuring that every citizen—regardless of caste, region, religion, or beliefs—holds the right to vote.
1 min
November 27, 2025
The Free Press Journal
SC orders nationwide scrutiny
PRIVATE UNIVS
1 mins
November 27, 2025
The Free Press Journal
₹7,280 cr push for magnet mission
The 7-year scheme includes a 2-year gestation period for establishing manufacturing units
2 mins
November 27, 2025
The Free Press Journal
'Can extend SIR draft roll deadline if needed'
The Supreme Court on Wednesday said it has the power to extend the date for publication of draft electoral rolls under the Special Intensive Revision (SIR) if the petitioners are able to make out a case. The observation from Chief Justice of India Surya Kant came as parties in the West Bengal matter expressed concern that the case was being posted to December 9, the same day the draft roll is scheduled to be published. “So what? If you make out a case, then we can direct them to extend the date. Can that date be a ground for the Court to say that we don't have any power now? Court can always say,” the CJI remarked.
2 mins
November 27, 2025
The Free Press Journal
'Bigotry': India hits out at Pak over its Ayodhya flag remark
MEA spokesperson Randhir Jaiswal said that Pakistan had “no moral standing” to lecture others
2 mins
November 27, 2025
The Free Press Journal
Bhumi's Daldal first look revealed
Prime Video unveils first look of Bhumi Pednekar-starrer Daldal at IFFI, exploring female power, resilience, and Mumbai's dark underworld
1 min
November 27, 2025
The Free Press Journal
INDIA MASTERS THE ART OF COLLAPSE
India’s Test team has spent the last decade turning home soil into a fortress.
2 mins
November 27, 2025
The Free Press Journal
NHRC sends notice to Railways
The NHRC has issued a notice to the Railways over a complaint that \"only halal-processed meat” in served in trains, which creates an \"unfair discrimination\" and amounts to \"violations of human rights”.
1 mins
November 27, 2025
The Free Press Journal
Fadnavis for renaming IIT Bombay
Chief Minister Devendra Fadnavis has said he will soon write to Prime Minister Narendra Modi, urging that IIT Bombay be officially renamed IIT Mumbai.
1 min
November 27, 2025
The Free Press Journal
It's official: Ahmedabad to host CWG
Ahmedabad was awarded hosting rights of the 2030 Commonwealth Games here on Wednesday, paving the way for the multi-sport event's return to India after two decades and giving impetus to the plan of becoming an Olympic host in 2036.
1 min
November 27, 2025
Listen
Translate
Change font size