'Gaddar 2' Star Sunny Deol's House To Be Auctioned As He Fails To Clear Bank Of Baroda Loan

Bank of Border will reportedly auction the house-cum-office of Bollywood actor Sunny Deol, who is basking in the success of his latest flick 'Gaddar 2'.

The bank has issued a notice for the e-auctioning of his property named Sunny Villa for failing to clear his dues. Going by the notice, Ajay Singh Deol (Sunny Deol) had taken over Rs 55 crore (55,99,80,766.33) from the Bank of Baroda and he was also the guarantor in this case.

In order to recover the amount, it is going to e-auction his property on September 25 at the reserve price of Rs 51.43 crore.

Located at Gandhi Gram Road in Juhu, it serves as the operational base for Deol's business activities. Within its premises, Sunny Super Sound is situated, functioning as the actor's office, along with a preview theatre and a pair of post-production suites. This establishment was founded in the latter part of the 1980s.

Reports claim that he took the loan against the property to fund his 2016 flick 'Ghayal Once Again'.

As per the procedure, the Bank of Baroda will approach the District Magistrate and after approval from the DM, the buyer will get physical possession of the property. During the virtual auction, the owner who bids the highest will get symbolic possession of the bungalow. After approval from the DM, he or she can take the actual possession. This process could take from months to years.

Bank of Baroda will now approach the District Magistrate seeking its approval, allowing the buyer to get physical possession of the property. In the virtual auction, the highest bidding person will be granted symbolic ownership of the bungalow. Upon DM's endorsement, the new owner can then take full possession. This process might span from several months to potentially years, according to a News18 report.

Meanwhile, 'Gaddar 2' has emerged as an unexpected blockbuster at the box office. It has minted over Rs 336 crore at the India box office. The movie has given a new lease of life to Sunny Deol.