Sunny Deol offers to settle dues for his Mumbai bungalow: BoB thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Though the bank said it will auction the actor’s villa in Mumbai’s Juhu on September 25, it withdrew the notice as a case was pending before a magistrate’s court and the actor had approached the bank to settle the dues.
The Andhra Pradesh High Court has held that a Bank can invoke SARFAESI and Arbitration Act proceedings simultaneously to recover outstanding loan amounts. Furthermore, writ courts should be extremely.
Earlier, the state-owned bank had put Gadar 2 actor Sunny Deol s Mumbai property on e-auction for failing to pay back a loan of about Rs 56 crore and interest on that.