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Home >> Movie News >> Supreme Court Rejects Bandla Ganesh Plea In Jubilee Hills Property Case

Bandla Ganesh Gets Shock At Supreme Court

By Rambabu Updated at: 2026-07-23 17:44:59

Producer-actor Bandla Ganesh faced a setback as the Supreme Court rejected his petition against Union Bank’s auction of family property in Jubilee Hills. The verdict upholds the Telangana High Court order. The disputed asset was sold for about ₹8.51 crore in a 2022 auction.

The case stems from loans taken by Sri Parameshwara Poultry Farm Limited. Ganesh’s family stood as guarantors. After dues remained unpaid, Union Bank seized the property in 2019 under SARFAESI Act. DRT initially cancelled the auction, but the High Court later restored the bank’s action.

Bandla Ganesh’s lawyers argued the auction was invalid as the company was under NCLT insolvency. Union Bank countered that the property belonged to guarantors personally, not the company, making SARFAESI action legal. Both High Court and Supreme Court agreed with the bank’s position.

Following the ruling, Bandla Ganesh posted on X clarifying only one 500 yard plot in Aparna Sarovar Zen, Sheikhpet was involved. He said reports of losing all assets are false and added he respects the judiciary and Constitution despite the outcome.

- Veda

Bandla Ganesh