Indian Bank to auction Gautham Menon’s house?


auction-Gautham-Menon-houseKollywood director Gautham Menon is in news for wrong reason once again. As per the reports, Gautham Menon had taken loan from Indian Bank and paid only 6 instalments but he did not pay the remaining amount which is about 60 Lakhs.

Hence the Indian Bank has initiated the auction of Gautham Menon’s home which is at Adyar.

The tender value is quoted at  12.26 crore and winner of bidder is to play the 50 lakhs as a deposit. We also heard that Gautham Menon is in talk with Bank officials to negotiate and avoid the auction.