Facing prospects of his bungalow in Mumbai being auctioned to recover unpaid loans, Bollywood actor Sunny Deol has offered to settle all outstanding dues, prompting State-owned lender Bank of Baroda to drop auction proceedings for the property.
The Gurdaspur MP, whose latest movie Gadar 2 is a box office success having already grossed over ₹300 crore since the release last week, has been in default on a ₹55.99 crore loan from the bank, interest and penalty, since December 2022.
The lender issued a statement on Monday, saying that Mr. Deol has offered to settle the dues, after which it withdrew the public notice to auction the villa owned by the actor and sitting BJP Member of Parliament, citing technical reasons, a move that was questioned by Congress.
