Famous Actor Nagarjuna along with his family is now in the net of debt of about 62 crores.Were they unable to clear the debt by having crores of property?.Getting in to the details,7 acres of land in which Annapurna studios is located is now owned by the bank due to the debt they had.
The land belonging to Annapurna studios is of 7.5 acres.This land was now owned by the Andhra bank and Indian on 20th of this month.Both the banks has given the statement in one of the Daily news paper.Nagarjuna has to pay a gross of 62 crores including the interest.
These Banks have already delivered notice to Nagarjuna on 02/01/2014.They have to clear the debt within 60 days of the limited bounded period.But Nagarjuna had not responded to this even by the completion of 1 year after the delivery of the notice.So due to this Banks handovered the land of 7.5 acres that belong to the Annapurna studios.
But Nag and co were strict in maintaining this news to leak out.
To this loan the Guranteer's were,Nagarjuna,supriya,y.surendra.Naga susheela,Venkat roddem,Nimmagadda prasad were the loan borrower's from the bank.There is a big long story hidden behind this story.Soon we will come to know the complete facts of this news.
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