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Diamond theatres, located on 40,365 sq ft of prime land on Mount Road, are to be sold to the AIADMK which will build its party headquarters there. It currently operates from an old building on Lloyds Road.


Exactly 30 years after Veecumsee, the country's first multi-theatre complex, opened in Madras with the movie Cleopatra, starring Elizabeth Taylor and Richard Burton, another film star, Chief Minister Jayalalitha, is to preside over its demolition.

Ironically, the very politicians who owe their success to Tamil cinema are responsible for the destruction of the historic complex.



The Veecumsee family, jewellers from Kutch, moved south in the late 19th century. Devendra Veecumsee, along with his father and two brothers, bought the land and put up the complex in the aftermath of the Gold Control Act which restricted their operations. By 1969, the theatre's popularity had grown and 16 others entered into a partnership with the family.

But in 1982, one of the partners, Ketan Shah, moved the high court for dissolution of the partnership and sought a direction that the land and building be sold.

This was granted and a receiver appointed to sell the assets. Devendra, who wanted to retain the property with the family and is believed to have even offered to buy out the others, appealed against the sale, but this was turned down in July.

The court issued advertisements for the sale and the AIADMK sent in an offer of Rs 6.12 crore, a little above the court's lowest price of Rs 6 crore.

https://www.indiatoday.in/magazine/...-gives-way-to-aiadmk-office-809630-1994-09-15

 

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