Latha Rajinikanth to Repay the Loan

Mediaone Global Entertainment Limited is in the business of Production, Distribution and Exhibition for the last 10 years.

Mediaone Global Entertainment Limited has borrowed Rs 20 crs from Exim Bank and has its own capacity and business to repay the loan, they said in a press release.

'Infact the company is in the process of clearing the Loan on or before 31 March, 2015 and had various discussions with officials of Exim Bank in December 2014 to settle the matter'. The act of Exim Bank to call upon the Guarantors Mrs. Latha Rajinikanth and   Dr  Devender C R  to repay the loan, when the principal borrower is making arrangements to repay is not warranted, they added.