The film had been issued an interim stay order by the Madras High Court, earlier this week, which was lifted on Thursday.
Justice CV Karthikeyan was hearing the case.
Heaving a sigh of relief, Vishal wrote on social media, “Yes, as always have faced hurdles, issues and have always been true to my self, to my profession and to anything related to the Film Industry. Thanks to the Hon High Court for serving the order at the right time keeping the interest of not just the producer but everyone involved in the film and vacating the stay. We are in to release the movie as per schedule, Truth always Triumphs.”
The film, which will mark the actor’s return to films after two years, is directed by debutant filmmaker MS Anandan. Vishal has produced the film under the banner Vishal Film Factory.
Breaking all Barriers, #Chakra Grand Release Today in 1500+ Screens Worldwide in 5 languages 💥
— Vishal (@VishalKOfficial) February 19, 2021
On Tuesday, the high court had passed an interim stay order in the release of the film after the producer of Vishal’s last film Action (2019), R Ravindran of Trident Arts, moved court over a copyright claim of the film’s script. He had claimed that the director had narrated the script to him first and had signed a contract termed Director Engagement Agreement in 2018. The court had observed that the issue of copyright would arise only when the film was produced by Ravindran and so far he has not produced any film based on the script and story which is owned by Anandan.
The copyright claim was not the only issue. In September 2020, Ravindran had filed a plea with the high court asking for compensation from Vishal after Action (directed by Sundar C) performed poorly at the box office. The producer had claimed that Vishal owed him over Rs 8 crore. While the initial budget of the film was Rs 40 crore, Vishal had negotiated with Ravindran to increase it to Rs 44 crore, with the assurance that Rs 20 crore would be collected at the time of the release. While the film collected only Rs 10 crore, leaving an unsettled claim of Rs 9,29,57,468. The court asked the matter to be settled through arbitration.
With respect to Chakra’s release, the court had sought Vishal to furnish a statement regarding the collection of the theatrical release from Friday to March 5 in all theatres in India and worldwide and in Tamil, Telugu, Kannada, and Malayalam language releases. The statement of accounts should be filed in court on or before March 10, the court ordered.
Chakra stars Shraddha Srinath and Regina Cassandra, with music composed by Yuvan Shankar Raja. Apart from Tamil, the film will also release in Telugu, Malayalam, and Kannada. The film revolves around cyber crimes and e-commerce scam issues. The film will release on over 1,500 screens, the makers said.