HomeNewsSunny Deol's Juhu Bungalow No longer On The Block, Financial institution Withdraws...

Sunny Deol’s Juhu Bungalow No longer On The Block, Financial institution Withdraws Public sale Understand


Sunny Deol's Juhu Bungalow Not On The Block, Bank Withdraws Auction Notice

Mumbai:

The public sale realize for actor and BJP MP Sunny Deol’s bungalow in Mumbai’s Juhu has been withdrawn, the state-owned Financial institution of Baroda mentioned in a observation these days.

Mr Deol’s assets was once put at the block on Sunday by means of Financial institution of Baroda to recuperate Rs 56 crore via an e-auction to be hung on August 25. The Gurdaspur MP has been in default on a Rs 55.99 crore mortgage from Financial institution of Baroda since December 2022.

“Corrigendum to e-auction realize relating to sale public sale realize in appreciate of Mr Ajay Singh Deol alias Mr Sunny Deol stands withdrawn because of technical causes,” the Financial institution of Baroda mentioned in a observation these days. 

The financial institution had mentioned on Sunday that the public sale of the Juhu assets referred to as Sunny Villa would start at Rs 51.43 crore. The minimal bid quantity was once set at Rs 5.14 crore.

Moreover, the 599.44 sq. metre assets, which homes Sunny Villa and Sunny Sounds, was once additionally set to be auctioned off. Sunny Sounds is a corporation owned by means of the Deols, and it’s the company guarantor for the mortgage. Dharmendra, Sunny Deol’s actor-politician father, is the non-public guarantor.

The awareness on Sunday mentioned that the Deols can nonetheless settle their remarkable debt with the financial institution to stop the public sale from being held underneath the provisions of the SARFAESI Act of 2002.

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