Bollywood actor Rajpal Yadav faces another setback after a loan dispute. Central Bank of India plans to auction two properties linked to his unpaid loan. The bank claims the outstanding amount has crossed ₹16 crore. Shahjahanpur branch of Central Bank of India took control of the mortgaged properties.
The bank has scheduled the auction date for September 9. The action follows the actor’s failure to repay the loan amount.
Which Properties Will Face Auction?
The bank will auction two properties connected with Rajpal Yadav. One property stands on Shahjahanpur Kachhari Road. Another property remains located in Bandra and Bandra Kurla Complex. According to an report, these properties hold an estimated value of around ₹3.19 crore.
Loan Linked To Film Ata Pata Laapata
The dispute connects to the 2012 film ‘Ata Pata Laapata’. Rajpal Yadav directed the movie and borrowed money from Central Bank of India. However, the film failed at the box office. As a result, the actor could not repay the loan amount.
Over time, interest continued increasing. The total outstanding amount has now crossed ₹16 crore.
Rajpal Yadav’s Brother Responds To The Matter
Meanwhile, Rajpal Yadav’s brother Shripal Yadav shared his response. He said the loan issue belongs to the past. According to Shripal Yadav, discussions with the bank regarding settlement are currently underway.
Earlier Court Verdict Added More Pressure
Earlier, Rajpal Yadav faced action in a cheque bounce case. On July 10, Delhi High Court found him guilty and awarded three months imprisonment. Additionally, the court imposed a ₹1.05 crore fine on the actor. The court stated that failure to pay the penalty would lead to six months additional imprisonment in each case. Furthermore, Rajpal Yadav’s wife Radha Yadav also received no relief. The court ordered her to pay ₹5,51,380 to the complainant.
If she fails to pay the amount, she may face three months simple imprisonment.
High Court Gives Temporary Relief From Immediate Jail
However, Delhi High Court clarified that Rajpal Yadav would not go to jail immediately. The court placed a two-month stay on the imprisonment order.
