Actor Vishal Krishna Reddy on Friday told the Madras High Court that he had absolutely no assets at all to disclose to the court and he had suffered huge losses in the film industry. The submission was made during the hearing of a civil suit filed against him by Lyca Productions to recover a 2019 loan of ₹21.29 crore with interest.
Justice Senthilkumar Ramamoorthy had summoned the actor following an application moved by the production firm, through its counsel V. Raghavachari, for punishing him because he had not complied with an interim order passed by the court on March 8 to deposit ₹15 crore to the credit of the civil suit until it gets disposed of.
