Rumours started spreading that Kavithaalaya Productions and the residence of a renowned filmmaker and producer are going to be auctioned by a public sector bank owing to the dues that are pending after the death of the veteran.
However, these rumours are denied by the production house in the latest press release. There are many admirers of ace filmmaker K Balachander who also bankrolled many super hit films including Rajinikanth’s and Kamal Haasan’s movies under his production house Kavithaalaya Productions.
The production house hasn’t produced any films after the demise of the veteran in 2014. The above said public sector bank issued a notice of auction in accordance with their procedures while the negotiations regarding the outstanding debt were still going on between the bank and the production house. Meanwhile, these rumours surfaced causing the damage to the reputation of the production house.Don't MissGundu Hanumantha Rao Is No MoreVeteran Comedy Actor Gundu Hanumantha Rao passed away early this morning. His...Don't MissIleana Using Her 'Navel' for Promotions AGAIN!We just wonder how these people do that. Making a full use...Don't MissNTR & Mahesh Fans' Epic Fight on Tom Cruise Page!Can you even imagine that both NTR and Mahesh Babu fans started...Don't MissUS BO: Will 2017 Trend Continue In 2018 As Well?The US box office has been witnessing a dreadful run in the...Don't MissAllu Arjun's Odd Snap!Allu Arjun is going places for the sake of his patriotic movie...
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