Explorer

Bank Lists Sunny Deol's Juhu Villa For Auction To Recover Rs 56 Crore Dues

State-owned Bank of Baroda has put on the block a property owned by actor and sitting BJP Member of Parliament Sunny Deol to recover Rs 56 crore through an e-auction to be held on August 25.

New Delhi: State-owned Bank of Baroda has put on the block a property owned by actor and sitting BJP Member of Parliament Sunny Deol to recover Rs 56 crore through an e-auction to be held on August 25.

The Gurdaspur MP, whose latest flick 'Gadar 2' is a box office success having already grossed over Rs 300 crore since the release last week, has been in default on a Rs 55.99 crore loan from the bank and interest and penalty, since December 2022, the second largest state-owned lender said in a public tender on Sunday.

The bank, which has attached the property, Sunny Villa located on the Gandhigram Road in the tony Juhu area of the megapolis, has fixed the reserve price for the auction at Rs 51.43 crore and an earnest money deposit of Rs 5.14 crore.

Apart from the Sunny Villa, the 599.44 square metre property also houses Sunny Sounds, which is owned by the Deols, and is the corporate guarantor to the loan, while his actor-politician father Dharmendra is the personal guarantor of the debt, according to the auction notice.

A bank spokesperson did not offer any other details to PTI when contacted such as when and how much was the loan availed of by the actor and what is the other guarantee it has for the loan as the value of the property is lower than the outstanding the borrower owes to the bank.

The tender notice further said the Deols still have the option of clearing the dues to the bank to prevent the auction to be carried out under the provisions of the Sarfaesi Act of 2002.

The actor is officially known as Ajay Singh Dharmendra Deol and has been representing the ruling BJP from the Punjab seat since 2019 when he won the seat with a landslide margin defeating the then Congress member Sunil Jhakar. The seat for long was represented by another actor Vinod Khanna for the Congress. 

(This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)

ALSO READ: Sunny Deol Denies Signing 'Border 2', 'Would Be Announcing Something Special Soon' Says 'Gadar 2' Actor

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

Pakistan: Bride, Groom, 24 Others  Killed As Bus With Wedding Party Plunges Into Indus River
Pakistan: Bride, Groom, 24 Others Killed As Bus With Wedding Party Plunges Into Indus River
'Executive Cannot Act As Judge': Supreme Court's Big Blow To 'Bulldozer Justice'
'Executive Cannot Act As Judge': Supreme Court's Big Blow To 'Bulldozer Justice'
Goods Train Derails In Telangana’s Peddapalli, 11 Wagons Affected; 37 Trains Cancelled
Goods Train Derails In Telangana’s Peddapalli, 11 Wagons Affected; 37 Trains Cancelled
Jharkhand Election LIVE: 13.04% Voter Turnout Recorded In First 2 Hours, Highest In Simdega
Jharkhand Election LIVE: 13.04% Voter Turnout Recorded In First 2 Hours, Highest In Simdega
Advertisement
ABP Premium

Videos

Nirmala Sitharaman Announces Game-Changing Collateral-Free Loan Scheme for MSMEsSIP Emerges as a Safe Investment Amidst Market Fluctuations | Paisa LiveTop Banks Offering 8.75% Interest for Senior Citizens: Here’s What You Need to Know!RBI Set to Make a Big Decision on Your EMI: What You Need to Know!

Photo Gallery

Embed widget