Well noted producer Miryala Ravindra Reddy received a non-bailable arrest warrant related to a cheque bounce case worth 50 lakhs. This producer recently shot to fame by bankrolling movies like Saahasam Swasaga Saagipo with Naga Chaithanya and Jaya Janaki Nayaka with Boyapati Srinu, Bellamkonda Srinivas.
Miryala Ravindra Reddy was served with this non-bailable warrant from a court in Prathipadu Andhra Pradesh after sending several notices to him. Since he did not respond to all these notices sent by court, then magistrate had to forward this warrant with strict warning. This has become a topic of discussion in industry circles and whereabouts of Ravindra Reddy is currently not known.
Though Jaya Janaki Nayaka made decent revenues, due to the huge costs involved, the movie ended up as an average at box office. We will have to wait and see, how Miryala Ravindra Reddy is going to respond to this case because cheque bounce cases have become a daily tale in TFI.