Summary:
more-inScotching rumours about the sale of properties belonging to director K.
Balachander, his production house Kavithalaya Productions has said that the properties in question were pledged to avail a loan from a bank and it was a business decision. Negotiations under wayA spokesperson of Kavithalaya said, “KB’s house and office have not been pledged. Director K.
Balachander, who died in 2014, directed over 100 films and was a recipient of the Dadasaheb Phalke Award. Like any other business, our production house too took a loan. As part of a larger auction notice published by UCO Bank’s Asset Management Branch, these two properties in Mylapore too had been put up for auction..