Actor Sunny Deol’s Juhu property is not going to be auctioned as declared earlier. Bank of Baroda (BoB), which was auctioning the upscale property on Gandhi Gram Road in Mumbai, has now come out with a new notice saying, due to ‘technical reasons’ the e-auction notice of the said property stands withdrawn.
Gurdaspur MP Sunny Deol, whose original name Ajay Singh Deol has been mentioned in the notice, had reportedly failed to repay a loan to the tune of Rs 56 crore, which the bank had lent him.
The corrigendum of BoB says, “Sale notice in respect of Mr Ajay Sing Deol alias Mr Sunny Deol Stands Withdrawn due to Technical Reasons…”
As per the earlier sale notice issued Sunday, the bank was to auction Deol’s mansion Sunny Villa, to recover Rs 55.99 crore the actor owes the lender along with interest and cost from December 26 last year minus the recovery of the amount that has been made.
Sunny Deol’s brother, Bobby Deol, whose real name is Vijay Singh Deol, their father Dharmendra Singh Deol, and Sunny Deol’s company Sunny Sounds Pvt Ltd were named as Guarantors and Corporate Guarantors for the loan that he had borrowed from the bank.
Sunny Deol’s team had confirmed the auction notice on Sunday, adding the amount mentioned was not correct. They had said, “We are in the process of resolving this issue and the issue will be resolved. We request no further speculation on the same.”
Meanwhile, the Congress raised questions Monday about BoB withdrawing the e-auction notice, asking who triggered the “technical reasons” for the withdrawal.
In a post on X (formerly Twitter), Congress general secretary Jairam Ramesh said, “Yesterday afternoon the nation got to know that Bank of Baroda had put up the Juhu residence of BJP MP Sunny Deol for e-auction since he has not paid up Rs 56 crore owed to the Bank. This morning, in less than 24 hours, the nation has got to know that the Bank of Baroda has withdrawn the auction notice due to ‘technical reasons’.” “Wonder who triggered these ‘technical reasons’?” he said.
The e-auction notice was issued as per the statutory 30-day notice needed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
The notice to the general public by the Zonal Stressed Asset Recovery Branch of the lender said that Sunny Deol’s bungalow had been mortgaged to the bank, possession of which was taken by the authorised bank officer. It said the bungalow will be sold “as is what is” for recovery of the dues.
The properties mortgaged include all the pieces and parcels of land measuring 599.44 square metre underneath Sunny Villa.