Gadar 2 star Sunny Deol's Juhu bungalow to be e-auctioned, bank to recover ₹55-crore dues: Reports
News18. As per the notice, Bank of Baroda in its notice said that Ajay Singh Deol aka Sunny Deol borrowed ₹55,99,80,766.33 from the lender and was the guarantor in this case.
The lender mentioned that his property will be auctioned virtually to recover the ₹55.99 crore he owes. ALSO READ: Gadar 2 collection Day 8: Sunny Deol-Ameesha Patel’s film crosses ₹300 crore mark in India.
Check details here Established in the late 80s, Deol's bungalow houses Sunny Super Sound the office of the actor, a preview theatre, and two other post-production suites. The procedure says the lender will approach the District Magistrate and after approval, the buyer will get physical possession of the property.
One who bids the highest will get symbolic possession of the bungalow, but only after the approval from the DM, he or she can take the actual possession, which may take from months to years. Reports claim that Deol mortgaged his studio to raise money for his directorial venture, Ghayal Once Again (2016).
Meanwhile, Deol's Gadar-2 is breaking box office records since its release. Till now the firm has garnered ₹336.20 crore in India and is expected to enter the ₹350-crore club on Sunday.
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