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3mo ago

Telugu Film Chamber Takes Up Prasanth Varma–Niranjan Reddy Dispute as Producer Seeks ₹200 Crore

The case now sits with industry arbitrators after formal complaints, with Prasanth Varma publicly denying wrongdoing.

Producer Niranjan Reddy has accused director Prasanth Varma of taking over ₹20 crore in advance and not delivering films.
Niranjan Reddy-Prasanth Varma Rift Reaches Telugu Film Chamber, HanuMan Producer Seeks ₹200 Crore Compensation | Image: X
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Prasanth Varma Breaks Silence On Rs 20 Crore Allegations By Hanu-Man Producer

Overview

  • Both Prasanth Varma and producer K. Niranjan Reddy have filed cases with the Telugu Film Chamber of Commerce and the Telugu Film Directors’ Association, which confirmed a coordination committee will handle the matter.
  • K. Niranjan Reddy’s complaint seeks the return of ₹20.57 crore with 36% annual interest and claims ₹200 crore in damages tied to projects including Jai HanuMan, Adhira, Mahakali, Octopus and Brahma Rakshas.
  • Reddy alleges Varma shifted or reannounced projects under other banners, brought in other directors for Adhira and Mahakali, and took advances without delivering the agreed films.
  • Varma rejects the accusations as false and retaliatory, acknowledges specific receipts — ₹15.82 crore for HanuMan, ₹1 crore for the Adhira teaser and ₹8.18 crore for Octopus — and asserts HanuMan IP control and unpaid profit shares for non-Telugu rights.
  • DVV Entertainment issued a clarification denying any financial transaction or agreement with Varma after being linked to the dispute in media reports.