Sunday was buzzing with the news of Gaddar 2 star Sunny Deol’s Juhu Villa named Sunny Villa being put on sale by Bank Of Baroda to recover outstanding dues of ₹55.99 crore from the actor.
However, within 24 hours of putting that notice the bank on Monday has come up with a Corrigendum.
The Corrigendum reads, “Corrigendum to E Auction Sale Notice dated 19.08.2023 published in The Times of India Mumbai Edition (Pg.3) dated 20.08.2023 with regards to Sale Notice in respect of Mr. Ajay Sing Deol Alias Mr. Sunny Deol Stands Withdrawn due to Technical Reasons for the below mentioned Property :All That piece and parcel of land bearing
Survey No. 41 Hissa No 5 (Pt) CTS No. 173 of Village Juhu Taluka Andheri Mumbai Suburban Dist, Admeasuring 599.44 Sq Mtrs underneath a structure known as Sunny Villa situated at
Gandhigram Road Juhu Mumbai 400049. Bearing New Municipal assessment No. 00121047 situated in registration District and Sub district of Mumbai.”
The property was to be auctioned at a reserve price of ₹51.43 crore on September 25.
However now the notice that had announced its auction stands withdrawn.
Sunny Deol has approached the Bank for repaying the loan.
Bank of Baroda on Monday came out with a statement, regarding the clarification, on why the Technical Reason was cited for withdrawing the E-Auction notice. The statement read, “The technical reasons mentioned in the withdrawal of the sale notice published on 21st August 2023 are: First, the total dues did not specify the exact quantum of dues to be recovered. Secondly, the sale notice was based on a symbolic possession of the property as per Rule 8(6) of The Security Interest (Enforcement) Rules 2002. An application has been made for physical possession by the Bank with the Chief Metropolitan Magistrate on 1st August 2023, which is pending for permission. Since the unit is running as conveyed to us by the borrower, sale action will be initiated as per the provisions of the SAFAESI Act, once the physical possession is taken.”
The statement further read, as “In the meantime, the borrower has approached the Bank for settling the dues as per the sale notice published on 20th August’2023, where the borrower guarantors were notified that they are entitled to redeem the securities by paying the outstanding dues/costs/charges and expenses at any time before the sale is conducted. Accordingly, the sale notice is withdrawn as per the normal industry practice followed in other cases as well.”
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