Last Updated: August 20, 2023, 23:08 IST
The bank has published the e-auction notice for Sunny Deol’s bungalow in a newspaper.
Sunny Deol originally Ajay Singh Deol borrowed Rs 55,99,80,766.33 from the Bank of Baroda, according to the notice. He was also the guarantor in this case. The bank has mentioned that his property will be auctioned virtually to recover the dues
Even as Sunny Deol rides high on the success of his recent movie Gadar 2, trouble seems to be mounting for the actor, as a notice put out by a bank in a newspaper has indicated that his bungalow in Juhu, Sunny Villa, will be e-auctioned for non-payment of dues on September 25.
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According to the notice, Ajay Singh Deol aka Sunny Deol borrowed Rs 55,99,80,766.33 from the Bank of Baroda. He was also the guarantor in this case. The bank has mentioned that his property will be auctioned virtually to recover the Rs 55.99 crore he owes.
Deol operates his business from the bungalow. The bungalow houses Sunny Super Sound, which is the office of the actor, a preview theatre and two other post-production suites. This office was established in the late 80s.
As per the procedure, the Bank of Baroda will approach the District Magistrate and after approval from the DM, the buyer will get physical possession of the property.
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During the virtual auction, the owner who bids the highest will get symbolic possession of the bungalow. After approval from the DM, he or she can take the actual possession. This process could take from months to years.
According to reports, Deol had mortgaged his studio to raise money for his directorial venture, Ghayal Once Again (2016). To repay the dues to his financers, he decided to take a loan against his property.
Meanwhile, Sunny’s spokesperson released a statement, confirming that the auction issue will soon be resolved.
“We are in the process of resolving this issue and the issue will be resolved. We request for no further speculation on the same,” Etimes quoted Sunny’s spokesperson as saying.
On the other hand, Gadar 2 remains unstoppable at the box office. The film, starring Sunny Deol and Ameesha Patel in the lead, has been breaking box office records since its release. On Saturday, Gadar 2 broke yet another record. It is reported that the film collected Rs 31.07 crore and beat Baahubali 2’s record.
According to Bollywood Hungama, Bahubali 2 – The Conclusion collected Rs. 26.5 crore on its 2nd Saturday. Gadar 2 surpassed the collection, setting a new record. Trade expert Taran Adarsh revealed Gadar 2 has now collected Rs 31.07 crore on Saturday, pushing the Gadar 2’s box office collection to Rs 336.20 crore in India. The film is expected to enter the Rs 350-crore club on Sunday and register a spot in the Rs 400-crore club.
