The state-owned Bank of Baroda announced today that the auction notice for actor and BJP MP Sunny Deol’s property in Mumbai’s Juhu district had been cancelled.
Bank of Baroda put Mr. Deol’s property up for auction on Sunday in an effort to raise 56 crore through an online auction that will take place on August 25. Since December 2022, the Gurdaspur MP has been in arrears on a debt from the Bank of Baroda totaling 55.99 crore.
“Corrigendum to e-auction notice with regards to sale auction notice in respect of Mr Ajay Singh Deol alias Mr Sunny Deol stands withdrawn due to technical reasons,” the Bank of Baroda said in a statement today.
The bank announced on Sunday that the auction of the Sunny Villa property in Juhu will begin at 51.43 crore. The starting bid was set at 5.14 crore.
According to the bank, the property up for e-auction is 599.44 square meters and is located in Mumbai’s Juhu neighborhood.
Sunny Deol is stated as the borrower/guarantor, while the other guarantors are Dharmendra Singh Deol and Sunny Sounds Pvt Ltd.
The property is being auctioned off by the bank in accordance with the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act of 2022.
According to the notification sent on Sunday, the Deols can still settle their outstanding debt with the bank to avoid the auction under the rules of the SARFAESI Act of 2002.
Sunny Deol’s spokesman reacted, saying, “We are in the process of resolving this issue, and the issue will be resolved.” We recommend that additional commentary on the subject be avoided.”
The Bank of Baroda (BoB) retracted its notice on the e-auction of actor Sunny Deol’s home in Mumbai’s Juhu on Monday, citing “technical reasons” after the star allegedly failed to settle a Rs 56 crore loan.
In response to the bank’s notification, Congress today inquired as to who triggered the “technical reasons” for the withdrawal.
Congress General Secretary Jairam Ramesh stated in a tweet on X, formerly known as Twitter, “Yesterday afternoon the nation got to know that Bank of Baroda had put up the Juhu residence of BJP MP Sunny Deol for e-auction since he has not paid up Rs 56 crore owed to the Bank. This morning, in less than 24 hours, the nation has got to know that the Bank of Baroda has withdrawn the auction notice due to ‘technical reasons’.” “Wonder who triggered these ‘technical reasons’?” he said.
Meanwhile, Sunny Deol’s latest film, Gadar 2, a sequel to his smash Gadar: Ek Prem Katha, is expected to gross Rs 377 crore in India. The plot centres around Tara Singh, who must return to Pakistan to save his kid. Other than Sunny Deol , Gadar2 cast included Ameesha Patel, Utkarsh Sharma, Simrat Kaur and many more artists.
