Rajpal Yadav’s properties to be auctioned on September 9 in over Rs 16 crores loan case: Report
Here's the latest box office buzz making the rounds:
Rajpal Yadav's two Shahjahanpur properties will as per reports be auctioned on September 9 as the bank seeks to recover dues in a Rs 16.61 crores loan case.
Adding to this, The latest development comes as the star's cheque-bounce case remains unresolved.
Meanwhile, As per the report, the Central Bank of India, Mumbai, has issued official auction notices for two properties owned by Rajpal Yadav. One property is located in Shahjahanpur city, while the other is situated in a nearby village.
Notably, The auction is scheduled to take place online on September 9.
As per the latest buzz, The report states that the star owes the bank Rs 16.61 crores and Rs 64,000, while the combined value of the two properties is estimated to be around Rs 3.19 crores.
In further updates, According to the report, Rajpal Yadav had taken the loan to finance his 2012 movie Aata Pata Lapata . Following an alleged failure to repay the loan, the bank took possession of the mortgaged properties and initiated recovery proceedings. Bank records as per reports show that the Shahjahanpur assets include agricultural land and a house in a village, along with another property in the city.
On top of that, The report further claims that properties belonging to Rajpal Yadav's wife, Radha Yadav, and his mother, Godavari Yadav, were pledged as guarantor assets when the loan was taken. Based on this arrangement, the bank has as per reports proceeded with action against the mortgaged properties.
Apart from the Shahjahanpur properties, the report also suggests that the process of auctioning some of Rajpal Yadav's properties in Mumbai is currently underway.
Source: Bollywood Hungama