Bank of Baroda the state-owned bank was set to put on auction the property owned by actor and BJP Member of Parliament Sunny Deol to recover Rs 56 crore.
“I do not want to comment. These are personal matters. Main kuch bhi bolunga, log galat matlab nikalenge,” Sunny Deol said.
Meanwhile, Bank of Baroda has cancelled the auction of actor-MP Sunny Deol’s Juhu property scheduled for September 25, citing technical reasons.
The bank had earlier invited bids for the 600 square metre plot at a reserve price of Rs 51 crore. Sunny Villa, which houses the actor’s company Sunny Sound and other post-production facilities, is on the property. The bank highlighted two primary reasons for the cancellation.
First, the total dues were not explicitly specified. Second, the sale notice was based on the symbolic possession of the property, following Rule 8(6) of the Security Interest (Enforcement) Rules 2002. This rule requires lenders to provide a 30-day notice, allowing borrowers an opportunity to repay their debt.
Bank of Baroda has scrapped the scheduled auction of actor Sunny Deol’s Juhu plot. The bank explained that the actor had taken steps to settle the dues, which is permissible as borrowers have the right to redeem the security by paying the outstanding amount at any time before the sale of the security.