Jr NTR vs. Banks: The Rs 24 Crore Jubilee Hills Controversy

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Junior NTR has approached the Telangana High Court regarding a land dispute over a prime property in Jubilee Hills, Hyderabad, currently valued at Rs 24 crore. Here’s a breakdown of the case:

Property Details:

Location: Road No. 75, Jubilee Hills, Hyderabad
Size: 681-square yards
Purchase: Bought in 2003 for Rs 36 lakh from Sunku Geetha Lakshmi
Current Value: Rs 3.5 lakh per square yard
Development: Includes a luxurious house built by Junior NTR

Dispute Background:
Allegations: Junior NTR claims that the previous owner’s relatives created fake documents and took loans against the property.
Bank Action: Banks approached the Debt Recovery Tribunal (DRT), which ruled in their favor for possession of the property.
Legal Challenge: Junior NTR argues that his title documents, confirmed as genuine by a forensic lab, are being contested due to fraudulent documents.

Court Proceedings:
High Court Inquiry: A vacation bench of Justice Sujoy Paul and Justice J. Sreenivas Rao questioned why Junior NTR did not approach the Debt Recovery Appellate Tribunal (DRAT).
Technical Error: The actor’s lawyer pointed out a technical error in the DRT order.
Court Direction: The bench directed the lawyer to submit the docket order by June 3.
Next Hearing: Scheduled for June 6.

Junior NTR’s Statement:
– “The title documents pledged with the banks and the title documents I have with me were sent to the forensic laboratory, and my documents were confirmed to be genuine. All the bankers are now facing criminal charges.”

The case continues to unfold as the High Court will further deliberate on the matter in the upcoming hearing.

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