Shock to Nagarjuna !!
King Nagarjuna is in shock as he received a notice by Andhra Pradesh for failing to clear the loan amount Rs 37 Crores of his 7 Acres Annapurna Studio in Jubilee Hills. The 7 Acres Studio is prominent as majority of the shoot of movies.
Nagarjuna and his family are planning to settle the issue which is raised by Bank. The bank filed a case against Annapurna Studio and accused the MD of Annapurna Studios Akkineni Nagarjuna, Nimmagadda Prasad, Naga Suseela and Supriya Yarlagadda.
According to the bank authority, Annapurna Studio has to pay back Rs 100 Crores to other banks whereas the default debt money of 7 Acrs studio is Rs 37 Crores and the studio has not paid loan amount to other banks like Axis and Indian Bank.