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Gautham receives auction notice

IndiaGlitz [Tuesday, March 11, 2014]

Director Gautham Vasudev Menon

A popular Bank has issued auction notice to director Gautham Vasudev Menon's property located at 1st main road, Indira Nagar, Adyar. The Neethane En Ponvasantham director owes Rs. 60 lakhs to the bank. Though he had paid six installments the amount has not been fully settled and that's why the bank has issued the auction notice on the property on which he has acquired the loan. The Land and building spread across 7091 sq.ft costs rupees 35 crores. .

The tender value of the property has been fixed at 12.26 crores and the depositor will have to pay Rs.50 lakhs as first instalment.

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