The warrant was later recalled after the financial dispute was settled out of court between the concern people. It was reported that Lata and Soundarya, wife & daughter of Rajinikanth had loaned an amount of Rs. 20 Lakhs from a Chennai based entrepreneur Sumerchand Bafana for some business deals in August 2009.
Sumerchand Bafana, had then issued a complaint with the XXIII Metropolitan Magistrate, Saidapet, stating that they issued two cheques towards the repayment of the money, which bounced.
Magistrate, K Ravi, while taking the complaint on January 6, issued summons to Latha and Soundarya to appear before the court on February 9. But since the two failed to appear n the day the case came to hearing, the magistrate ordered that a bailable warrant be issued against them.
Later, when they made the settlement out of court, the entrepreneur filed a petition seeking permission to withdraw the complaint. Later making the necessary verifications, the magistrate, dismissed the complaint.