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Court orders stay on Shankar-Vikram's 'I'; All issues sorted out [Update]

Update: Madras High Court's orders to the makers of 'I' to stop the screening of the movie until 30th of this month has crea...

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Update:

Madras High Court's orders to the makers of 'I' to stop the screening of the movie until 30th of this month has created chaos among the buyers and exhibitors who bought the movie's rights.

 Tension prevailed everywhere on the change of the release date. However, fortunately, all the issues have been cleared and solved outside the court and the movie's release has been confirmed as 14th january, which is the scheduled release date of the movie earlier.

Having been made as India's costliest movie with a never heard budget of Rs.180 crores, 'I' will be releasing in highest ever number of centers across the globe. The movie is being planned to release in maximum centers in China too.

Earlier:

The Madras High Court Thursday issued a three-week interim stay on the release of Vikram-starring Tamil film "I" worldwide, following an application filed by Picturehouse Media Ltd over unpaid dues by the film's producer Aascar Ravichandran.

The court has given the makers of "I", which is originally slated for release Jan 14, time till Jan 30 to settle dues.

"Everybody associated with the film are hereby restrained by an order of interim injunction till Jan 30 from releasing the movie ('I') in theatres anywhere in and outside India. The applicant is directed to initiate arbitration proceedings," said Justice R. Mahadevan.

The film's producer Ravichandran however expressed confidence that there will be no change in the film's release date.

"Everything will be sorted out very soon and the film will release as planned earlier," he said in a statement.

Directed by Shankar, "I" also features Amy Jackson, Upen Patel and Suresh Gopi in the lead.

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