It seems like celebration time is over for Sunny Deol. After the massive success of Gadar 2, Deol is once again in the news, but this time for his debt notice. As per media reports, Sunny Deol got a debt notice for his dues from the Bank of Baroda (BOB).
On August 19, the state-owned Bank of Baroda released a press notice in the leading national daily. As per the first notice for the non-payment of principal and interest, the property will be auctioned on September 25.
The bank guidelines state that a loan turns into a non-performing asset (NPA) if the payment of interest and principal is not made for 90 days. To recover the losses, banks generally sell these properties at auction.
Bank of Baroda New Notice
On August 21, the Bank of Baroda released another statement, saying the issued notice for the auction of actor Sunny Deol’s Juhu Bungalow has been dismissed and it was a technical fault.
The statement from the Bank of Baroda read, Corrigendum to E-auction sale notice dated August 19, 2023, published in the Times of India, Mumbai Edition (Pg. 3) dated August 20, 2023, with regards to the sale notice respecting Mr. Ajay singh Deol Alias and Mr. Sunny Deol Stands withdrawn due to technical reasons.”
Is Sunny Deol in Debt
According to the first notice, Sunny Deol took a loan of 56 crore from the Bank of Baroda, which he failed to repay. The notice also read that the bungalow would soon be auctioned to recover the debt, but now the Bank of Baroda has dismissed all the claims, citing a technical problem.
Now, this news has raised the question: is Sunny Deol really in debt? Although Sunny Deol has not publicly reacted to this notice, So, it won’t be possible to give concrete proof that he is in debt or not.
But the massive success of Gadar 2 would’ve definitely helped Deol. Soon, the Anil Sharma directorate will be touching the Rs. 350 crore mark. On August 19, makers announced that the box-office collection for Gadar 2 had crossed the Rs. 300 crore mark.