Mediaone Global Entertainment Limited is a public company, 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 & Business to repay the loan.
Infact the company is in the process of clearing the Loan on or before 31.03.2015 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
We request the Media not to publish the article further involving Mrs. Latha Rajinikanth in this regard, as it is a matter between the Corporate Company who is the borrower and the Bank who is the lender particularly when the loan is in the process of settlement.