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Shree Ashtavinayak production house confiscated by bank officials!

Shree Ashtavinayak, who have made films like Jab We Met, Bol Bachchan and the Golmaal are going through troubled times, Shree Ashtavinayak Cine Vision Ltd have lost three of its offices to the bank. Few of their offices have been sealed by the State Bank of India (Malad West). Apparently, the production house owed a sum of Rs 29 crore to the bank.

The bank had given due notice to the production house which they failed to pay and heed to. The bank would have confiscated the offices long time back but the production house kept saying that they would pay their dues. Finally, after much delay, the bank officials resorted to legal action and went ahead to take over the offices.

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