Popular financier's noble gesture for Balachander's family!
- IndiaGlitz, [Thursday,August 20 2020]
In the film industry, it's a rarity for producers to invest their own money and make movies, and it's a common practice to borrow money from financiers to make the project and later settle it. Settlement issues have even lead to the release postponement of many movies in the past.
In such an industry scenario, the huge gesture of a veteran financier has been revealed. Popular financier Tirupur Subramaniam who's also a popular distributor had lent 1.5 crores to veteran K Balachander along with RB Chaudary. Balachander had planned a movie with Sathyaraj but it was shelved later.
Unexpectedly, K Balachander who had repaid 1.5 lakhs had passed away later, and following this, Tirupur Subramaniam has cancelled all the checks and documents signed by K Balachander and sent it back to Pushpa Kandasamy, K Balachander's daughter, cancelling all the loans he had given to the legendary director. While Pushpa Kandasamy assured to return the loan by producing movies, the huge gesture was done by Tirupur Subramaniam, who said that they had earned a lot from Balachander's movies in the past, and this was a mark of respect for the legend.