Mumbai: Sunny Deol, who is basking in the glory of his blockbuster film Gadar 2, is facing a financial crisis as his Juhu bungalow, Sunny Villa, is set to be e-auctioned by a bank for defaulting on a loan. The actor, whose real name is Ajay Singh Deol, had taken a loan of Rs 55,99,80,766.33 from the Bank of Baroda and had also given his bungalow as a guarantee. However, he failed to repay the loan and now the bank has issued a notice in a newspaper stating that his property will be sold online on September 25 to recover the dues.
The bungalow is not just Deol’s residence but also his workplace. It houses Sunny Super Sound, which is the actor’s office, a preview theatre, and two other post-production suites. The office was established in the late 80s.
The bank will have to get the approval of the District Magistrate before handing over the physical possession of the bungalow to the highest bidder. The process could take months or even years.
It is reported that Deol had mortgaged his studio to raise funds for his directorial venture, Ghayal Once Again (2016). He then took a loan against his property to pay back his financers.
On the other hand, Gadar 2, which reunites Deol with his Gadar: Ek Prem Katha (2001) co-star Ameesha Patel, is creating history at the box office. The film, which was released on August 11, has smashed several records and has become the highest-grossing Hindi film of all time. On Saturday, Gadar 2 collected Rs 31.07 crore and surpassed Baahubali 2: The Conclusion’s second Saturday collection of Rs 26.5 crore. The film’s total domestic collection now stands at Rs 336.20 crore and it is expected to cross the Rs 350-crore mark on Sunday and reach the Rs 400-crore club soon. Trade analyst Taran Adarsh confirmed the figures on Twitter.
