A day after placing out a public discover to public sale a villa owned by Sunny Deol to get well ₹56 crore dues, Financial institution of Baroda stated the method is withdrawn on account of technical causes. | file photograph
A day after placing out a public discover to public sale a villa owned by actor and sitting BJP Member of Parliament Sunny Deol to get well ₹56 crore dues, Financial institution of Baroda on Monday stated the method is withdrawn on account of technical causes.
In a public discover on Sunday, the state-owned financial institution had stated it will e-auction ‘Sunny Villa’ within the Juhu space of the town on September 25.
However in an analogous discover on Monday, Financial institution of Baroda stated the e-auction discover revealed on August 20 “stands withdrawn on account of technical purpose”.
When contacted, the financial institution didn’t supply any purpose for the withdrawal of the discover.
The Gurdaspur MP, whose newest film Gadar 2 is a field workplace success having already grossed over ₹300 crore for the reason that launch final week, has been in default on a ₹55.99 crore mortgage from the financial institution, curiosity and penalty, since December 2022.
As per Sunday’s discover, the financial institution, which has hooked up the property, had fastened the reserve value for the public sale at ₹51.43 crore and an earnest cash deposit of ₹5.14 crore.
Other than Sunny Villa, the 599.44 sq. metre property additionally homes Sunny Sounds, which is owned by the Deols, and is the company guarantor to the mortgage, whereas Sunny’s actor-politician father Dharmendra is the non-public guarantor of the debt, based on the public sale discover.
The discover had additional stated the Deols had the choice of clearing the dues of the financial institution to forestall the public sale, underneath the provisions of the Sarfaesi Act 2002.
Sunny Deol has been representing BJP from the Gurdaspur seat of Punjab since 2019, when he received the seat with a landslide margin defeating the then Congress member Sunil Jhakar. The seat for lengthy was represented by one other actor Vinod Khanna for the Congress.