Confirming the development, the Deputy Commissioner PC Meena, said: "The process of freezing of corporate guarantees made by the company (DNA network) will begin in accordance with the rules. The company had submitted copies of fixed deposits period of Rs 1 crore a week ago, the organizers to grant permission for the concert. "Time deposits of banks are the company based in Chennai. The municipal government will write to the bank for immediate stoppage of the bond.

"If the administration is convinced that the reason for the postponement of the concert is not genuine, we will refund the amount of the ticket buyers," said Meena. He added that the administration can blacklist organizers.

"Those who bought tickets to see can be dealt with by the police and obtain a FIRS registered. The company must return the money to all those who bought tickets."

The organizer had received the NOC from different departments, such as Huda and the district administration, and was also paid Rs 66.50 lakh pre-show entertainment, the RS 20 lakh Huda, and more than 4 lakh in RS excise department for permission to serve alcohol.

Source: TOI