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The Indian Overseas Bank on Thursday issued a takeover notice of four properties belonging to Aascar Ravichandran of Oscar Films Pvt Ltd, who most recently produced Shankar’s I, for defaulting on a Rs 96.75 crore loan. The four properties include one in Ashok Nagar and a flat on Prithvi Avenue, Mylapore in Chennai, a theatre complex in Vellore and another theatre complex in Salem.
Story first published: Sunday, May 3, 2015, 12:49 [IST]
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