Can Bail Alone Save Puri?

Posted : September 2, 2014 at 9:36 pm IST by ManaTeluguMovies

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Maverick film maker puri jagannath and his wife Lavanya have got a relief with anticipatory bail granted by Nampally court in a case linked to land dispute and repayment of loans to SBI. Into the issue, Puri owned 1000 Sq Feet of land in Jubilee Hills on which he secured a loan of Rs.5 Crores. During a real estate deal with one of the construction company, Puri paid 2.5 Crores to bank to clear a part of loan and the construction company which has built apartments agreed to clear the remaining due.

As the particular company failed to repay the pending amount, Bank served notices to Puri and all the residents in those apartments. When these residents and apartment owners filed the case on Puri, the director and his wife Lavanya in return applied for anticipatory bail. Legal experts say that, this would not completely save Puri and only once if the construction company comes in front to solve the controversy, the issue can be considered as closed.