What happened to this crazy project??

Earlier director Gunasekhar announced a film titled "Hiranya Kashyapa" starring Rana. The team has even finished the pre production work.

Surprisingly, Gunasekhar has announced another film titled "Shakunthalam" recently. This film will involve lot of VFX work and Gunasekhar has already started working on it.
Now the question is, what happened to the project with Rana? Even Rana is busy with couple of other projects. Did they stall the project? Or did they just delay it?

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