In a recent development, Bank of Baroda has decided to withdraw the e-auction notice for the Juhu bungalow owned by Bollywood actor Sunny Deol.
The upscale villa, named Sunny Villa, is situated on Gandhigram Road in Juhu, West Mumbai. The bank had initially issued an auction notice in a national newspaper on August 20, aiming to recover a loan amount of approximately Rs 56 crore along with accrued interest.
The bank's decision to withdraw the auction notice was attributed to 'technical reasons.' A corrigendum was published on August 21, indicating the withdrawal of the sale notice due to technical issues.
Sunny Deol's team confirmed the auction notice but clarified that the specified loan amount was inaccurate.
They assured that the actor was in the process of clearing the dues within a short span of time.
The loan was taken out by Sunny Deol and was co-guaranteed by his brother Bobby Deol (Vijay Singh Deol), their father Dharmendra Singh Deol, and Sunny Deol's company Sunny Sounds Pvt Ltd.
The villa, a significant property associated with the Deol family, holds importance as the backdrop of various personal and professional endeavours.
Sunny Deol, the star of 'Gadar 2', is currently the talk of the town with the roaring success of his latest film.
The film, which was released in theatres last week, has raked in such substantial earnings in just ten days that it has found a place among Bollywood's highest-grossing films.