Well known producer Oscar Ravichandran faced reportedly landed in troubles.As per reports Indian Overseas Bank has attached the assets of the V Ravi Chandran recently, after he fails to repay the loan taken from the bank.
Overseas Bank on Thursday issued a takeover notice of four properties belonging to Oscar Ravichandran of Oscar Films Pvt Ltd for defaulting on a Rs 96.75 crore loan.The four properties include one in Ashok Nagar and a flat on Prithvi Avenue, Mylapore in Chennai, a theater complex in Vellore and another theater complex in Salem.
The bank officials have served several notices to him but he was unable to clear the bank loan as his financial condition worsens with failure of his films.Hence, the bank officials have attached his properties mortgaged with the bank to recover the loan and interest amount.
Ravi Chandran recently produced Vikram’s ‘I’ movie and the film failed to reach the expectations.
Latest News
Download App
Channels
Home English News TeluguStop Exclusive Stories Flash/Breaking News Trending News Political Movie Health Tips Crime News Movie Reviews NRI News Viral Videos Bhakthi/Devotional Press Releases Viral Stories Quotes Photo Talks Baby Boy NamesBaby Girl Names Celebrity ProfilesFollow Us!
Contact Us!
TeluguStop.com Media, Siya Residency, Sri Sri Circle, Khammam, Telangana- 507002info@telugustop.com Ph No : 999-279-9973
About Us!
About Us Jobs Advertising DMCA / Removal Terms of Use Privacy Policy