Beast marks Thalapathy Vijay's 65th film and it is tipped to be a gangster thriller.
The court is likely to hear the matter on September 27.
The two met at Gokulam Studios in Chennai.
The division bench, which granted the interim stay directed Vijay to remit the balance amount of 80 per cent of the entry tax levied on the import of his Rolls Royce Ghost Car from England in 2012.
Chennai-based production house Sun Pictures took to Twitter to make an official announcement.
The tringual film will be released in Hindi, Tamil and Telugu.
Vijay's 66th project will be directed by Lokesh Kanagraj and bankrolled by Lalit Kumar of Seven Screen Studios.
Master has witnessed a huge box office opening in its first three days in Tamil Nadu.
Mahendran has been doing small and insignificant roles in the Tamil film industry for the last fifteen years.
The main positives are Vijay’s 'mass and class' performances and Vijay Sethupathi’s solid villain role.