After auction notice for Sunny Deol’s Juhu bungalow gets withdrawn due to technical reasons, Bank Of Baroda issues…

The public sale discover for actor and BJP MP Sunny Deol’s bungalow in Mumbai’s Juhu locality was withdrawn because of technical causes, the state-owned Financial institution Of Baroda mentioned on Monday. The financial institution has mentioned in a press release that the discover was withdrawn “as per the traditional business observe adopted in different circumstances as nicely”.

After public sale discover for Sunny Deol’s Juhu bungalow will get withdrawn because of technical causes, Financial institution Of Baroda points clarification

The financial institution didn’t specify the precise quantum of dues to be recovered however mentioned that the discover was primarily based on a symbolic possession of the property. The financial institution has utilized for bodily possession of the property, and the matter is pending earlier than the Chief Metropolitan Justice of the Peace.

Sunny Deol has instructed the financial institution that the property is in use, so the sale might be initiated as per the provisions of the SARFAESI Act, which empowers banks and monetary establishments to take possession of belongings/properties of credit score defaulters with out courtroom intervention.

The actor has additionally approached the financial institution to settle the dues. The public sale of the Juhu property generally known as Sunny Villa was scheduled to be held on August 25. The minimal bid quantity was set at Rs 5.14 crore.

The public sale was withdrawn after the financial institution acquired representations from Sunny Deol and his authorized group, the financial institution mentioned. The financial institution mentioned that it’s “dedicated to resolving the matter amicably” and that it’s “in contact with the borrower to discover a mutually agreeable answer”.

Additionally Learn: Bank withdraws auction notice from Sunny Deol’s Mumbai bungalow after defaulting Rs. 56 crore loan


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