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Madras HC Orders Seizure of Shivaji Ganesan’s Property Over ₹9 Crore Debt
Debt recovery often leads companies to take extreme measures, and a similar situation has now unfolded involving legendary Tamil actor Shivaji Ganesan’s property. According to a report by The Times of India, the Madras High Court has ordered the seizure of a property linked to the late actor due to an unpaid loan.
The issue traces back to Easan Production Company, operated by Shivaji Ganesan’s grandson Dushyant and his wife Abhirami. The company reportedly borrowed ₹3.74 crores from Dhanabagiyam Enterprises at an annual interest rate of 30%. However, as per media reports, the loan remained unpaid, leading the lender to seek legal intervention. The case was reviewed by retired High Court judge T. Ravindran, who determined that the unpaid debt had ballooned to ₹9 crores due to accumulated interest and delays.
Following the investigation, the court ruled in favor of the lender and ordered the seizure of a Chennai-based property originally belonging to Shivaji Ganesan. If the outstanding amount is not settled, the property could be liquidated to compensate the lender.
As of now, neither Dushyant, his production company, nor any family members associated with Shivaji Ganesan have issued an official statement regarding the matter. The case continues to draw attention, as fans and the film industry await further developments on the fate of this iconic property.