Officials of the State government-owned Finance Corporation issued notices to him demanding repayment of a Rs 20-crore loan.
The officials asked him to clear all the interests accrued on the principal amount, too.
The notices were pasted at Jeevan Reddy's house at Mamidipalli.
The notices were issued in relation to a loan taken in the name of Reddy's wife in the year 2017.
The notices said that action would be taken as per the law if Reddy did not repay the loan amount along with the accrued interest within the given time.
Notices were also issued to four others who signed the loan documents as guarantors, along with Reddy.