Bank of Baroda puts actor Sunny Deol's property on auction for loan dues of Rs 56 cr

economictimes.indiatimes.com:

Bank of Baroda (BOB) has put actor Sunny Deol's Mumbai property on e-auction for failing to pay back a loan of about Rs 56 crore and interest on that. In the newspaper advertisement — that has been widely circulated in the social media- BOB has said borrower Ajay Sing Deol alias Sunny Deol owes the bank about Rs 55.99 crore plus interest and cost from December 26 onwards less recovery upto date. Newspaper advertisement had used actors real name, Ajay Sing Deol.

According to the bank, the property that is put on e-auction measures 599.44 sq. metres and a structure known as Sunny Villa located in Mumbai's Juhu locality. Sunny Deol is described as the borrower/guarantor and the other guarantors are Dharmendra Singh Deol and Sunny Sounds Pvt Ltd.

The bank is auctioning the property under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2022. The reserve price is about Rs.51.43 crore and the earnest money deposit is fixed at about Rs 5.14 crore. According to BOB, the property can be inspected between 11 a.m.

and 1 p.m. on September 14 and the status of the possession is symbolic. The bank also said the borrowers/guarantors can redeem the securities by paying the outstanding dues/costs/charges and expenses at any time before the sale is conducted.