Bank seizes property worth Rs 11 crore after Rajpal Yadav fails to repay his loan- Reports

According to the latest reports, a section of the Shahjahanpur that is owned by Rajpal Yadav has been seized by the Bank. The property worth Rs 11 crore has been seized by the bank after the actor failed to repay his loan to the bank. According to PTI, an official of the Shahjahanpur branch of the Central Bank of India said Yadav had taken a loan from the Mumbai branch of the bank by mortgaging his ancestral property in the town.

Reports indicate that in 2005, he established a production company called Navrang Godavari Entertainment Limited, named after his parents. To finance this venture, he secured a Rs 5 crore loan from a bank. However, by the time the bank took action, his debt had ballooned to Rs 11 crore. On August 8, a team from a Mumbai bank sealed the property, which is situated near Shahjahanpur’s dak bungalow. Locals noted that the bank officials were in such a rush to seal the house that they neglected to even switch off the electrical appliances inside.

Meanwhile, Rajpal Yadav will be next seen in Bhool Bhulaiyaa 3 with Kartik Aaryan, Triptii Dimri and Vidya Balan.

Also read: EXCLUSIVE: Rajpal Yadav wouldn’t mind playing Bhool Bhulaiyaa’s Chota Pandit 12 more times – here’s why