Tamil actor Jayam Ravi is facing a major financial crisis as his Chennai home faces auction due to ₹7.60 crore loan default, sparking industry-wide attention.
Introduction to Jayam Ravi House Auction Notice
Popular Tamil actor Jayam Ravi (real name Ravi Mohan) has landed in a serious financial crisis. His luxury home in Injambakkam, Chennai, is facing an auction notice from a private bank after he allegedly failed to repay loan installments. According to reports, the outstanding dues have crossed ₹7.60 crore, pushing the bank to take strict action. This news has sent shockwaves across Kollywood.
Bank Auction Notice Against Jayam Ravi’s House
As per bank sources, Jayam Ravi had taken a significant loan for his property but failed to pay the monthly EMIs on time. Despite repeated reminders, the dues were not cleared, leading to the bank issuing a loan default auction notice. The official statement mentions that the unpaid amount has now accumulated to ₹7.60 crore.
Financial Dispute with a Construction Company
Jayam Ravi’s troubles don’t end with the bank. Chennai-based construction firm Touch Gold Universal has also accused the actor of breaching a contract. The company alleged that Ravi accepted an advance of ₹6 crore for acting in two films but later shifted to other projects. The firm has reportedly requested that his property also be seized.
Kollywood Industry Reactions
The double blow of legal and financial challenges has become a hot topic in Kollywood. Industry insiders suggest that Ravi is under mounting pressure, as both the bank and the construction company are pursuing strong legal action.
FAQs on Jayam Ravi House Auction Notice
1. Why is Jayam Ravi’s house facing auction?
His Chennai property is facing auction because he reportedly failed to repay loan EMIs, leaving an outstanding due of over ₹7.60 crore.
2. Is Jayam Ravi involved in any other financial disputes?
Yes. A construction company, Touch Gold Universal, claims that Ravi took a ₹6 crore advance for films but did not fulfill the agreement.
3. What could happen next for Jayam Ravi?
If the bank and the construction company proceed legally, his Chennai home may be seized and auctioned to recover dues.
Conclusion on Jayam Ravi House Auction Notice
Jayam Ravi, a leading star in Tamil cinema, is now battling serious financial setbacks. With a loan default leading to an auction notice and a contractual dispute with a construction company, his situation has raised concerns among fans and the film industry. How the actor resolves these challenges remains to be seen.
Disclaimer: This article is for news reporting purposes only. It is based on information from bank notices and industry sources. It does not provide legal or financial advice.