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After a Long Legal Battle, Priyadarshan and Lissy Agree to Part Ways Amicably

Published: 18th February 2016 04:00 AM  |   Last Updated: 18th February 2016 04:00 AM   |  A+A-

CHENNAI: Noted film producer and director Priyadarshan and his wife Lissy parted ways after an amicable settlement, recently.

The duo also agreed to apply for divorce on mutual consent and resolve all disputes by entering into a memo of compromise.

The compromise memo was signed by the estranged couple in the presence of Justice K K Sasidharan of the Madras High Court on January 28 last. The judge had conducted personal hearings at his chamber and they parted ways as friends with good will. On her part, Lissy agreed to withdraw all the allegations and imputations made in the divorce petition and all other criminal proceedings initiated under the provisions of domestic violence act, including the counter made against Piryadarshan. Similarly, Priyadarshan too agreed to withdraw all the allegations, imputations made against Lissy in all the proceedings including the counter.

Priyadarshan agreed to transfer the ownership and possession of the preview theatre in the name and style of ‘Four Frames Entertainment and Dubbing’ located at 5th Cross, Lake Area, Nungambakkam, with all the fixtures and equipment therein to Lissy.

Lissy, for her part, agreed to release her right over the Four Frames Mixing Studio, under the name and style of ‘Four Frames’ along with fixtures, in favour of Priyadarshan.

Both of them had purchased gold ornaments and they are in the possession of Lissy. They will continue to be with her and she  shall hand over the quantity needed to be given to their daughter at the time of her marriage. Priyadarshan and Lissy having equal rights in respect of a property purchased jointly at Calrose in Singapore. The parties have valued the property at `6 crore. It was decided to sell the said property and divide the sale consideration equally. It should be Priyadarshan’s endeavor to sell the property within six months.

Since this settlement is in full and final satisfaction of the claim made by Lissy, she will have no right in respect of the other properties or business owned by Priyadarshan and should not make any claim for past or future maintenance, the judge made it clear. The parties agreed they will not act against the interest of other directly or indirectly.

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