Chennai: As a result of actor and BJP Member of Parliament Sunny Deol's failure to repay a debt of approximately Rs. 56 crores and interest on that amount, the central government-owned mortgage lender Bank of Baroda (BOB) placed his Mumbai property up for electronic auction.
This is based on the bank's newspaper advertisement that included his address as well as the permanent address he provided to the Lok Sabha.
In the newspaper advertisement – that has been widely circulated in social media- BOB has said borrower Ajay Sing Deol, alias Sunny Deol, owes the bank about Rs 55.99 plus interest and cost from 26.12.2022 onwards less recovery upto date.
Whether the bank misspelt the actor’s name as Ajay Sing Deol instead of Ajay Singh Deol is yet to be ascertained.
According to the bank, the property that is put on e-auction measures 599.44 sq. metres and a structure known as Sunny Villa is 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 14.9.2023 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.
The auction notice was issued by BOB’s Zonal Stressed Asset Recovery Branch, Ballard Estate, Mumbai.
Sunny Deol was not available on the phone when IANS tried to get his reaction to the BOB e-auction advertisement.
With inputs from IANS