As the responsibility for running the troupe fell on Kanakambaram's shoulders, he has to borrow money at high interest to keep the show going and is soon up to his neck in debt. Even the actors who wanted to quit from the troupe couldn't do so as Kanakambaran owed them plenty of money. Whatever gate collection the troupe makes from each shows were taken away by his creditors who come directly to the venues to collect their dues. 

Day after day situations turned out worse and the creditors started beating up Kanakambaram. At this juncture came a big offer from Kaanthapuram palace, for the play. Upendravarama and Radhakrishnavarma who came to book the play has but only one condition - Kanakan has to make a play based on the incidents in the palace. For that, they offered a very big amount as remuneration. As far as the payment is prompt and in cash, Kanakambaran has no other options but to accept the offer. What follows is the risks and dilemma that the troupe falls into following their entry into Kaanthapuram palace for the play.

The film'Kanakasimhasanamas usual narrated in a humorous vein  will combine the best of the sequences written by Biju Vattappara based on a story by the director Rajasenan. The film has Lakshmi Gopalaswamy, Kalashala Babu, Suraaj Venjaaramoodu, Kochupreman and Kiranraaj in other prominent roles.

The film also has four songs written by Rajeev Alungal set to music by M.Jayachandran. K.P.Nambiathiry wields the camera while M.Mani produces the film under the prestigious banner of Sunitha productions. The film which was shot in Ootty will grace the theatres as the first release of the New Year.