Sunny Deol’s property auction withdrawn by BOB, Opposition raised questions

Sunny Deol’s property was put up for auction by the Bank of Baroda in order to recoup Rs.56 crore through an online auction that would take place on August 25. The Gurdaspur MP has not made payments on a loan from Bank of Baroda worth a total 55.99 crores since December 2022.

Bank of Baroda (BOB) announced today that the auction notice for actor and BJP MP Sunny Deol’s bungalow in Mumbai’s Juhu district has been withdrawn. On Monday, the opposition, including the Congress, raised questions just after the withdrawal of the auction notice.

Bank of Baroda said in a statement, “Corrigendum to e-auction notice with regards to sale auction notice in respect of Mr. Ajay Singh Deol alias Mr. Sunny Deol stands withdrawn due to technical reasons.”

The bank had announced on Sunday that the Sunny Villa property in Juhu would go up for auction at a starting bid of Rs.51.43 crore. The minimum bid was Rs. 5.14 crore.

In addition, an auction was planned for the 599.44 square meter property that is home to Sunny Villa and Sunny Sounds. The Deol family-owned business Sunny Sounds is the loan’s corporate guarantor. The personal guarantee is provided by Sunny Deol’s actor-politician father, Dharmendra.

In accordance with the terms of the SARFAESI Act of 2002, the actor still has time to settle their unpaid debt with the bank, according to the notice published on Sunday.

Congress today questioned as a response to the bank’s notice as to who was responsible for the “technical reasons” for the withdrawal.

Senior Congress leader Jairam Ramesh wrote on Twitter, “Yesterday afternoon the nation got to know that Bank of Baroda had put up the Juhu residence of BJP MP Sunny Deol for e-auction since he has not paid up ₹56 crore owed to the Bank. This morning, in less than 24 hours, the nation has got to know that the Bank of Baroda has withdrawn the auction notice due to ‘technical reasons’. Wonder who triggered these ‘technical reasons’?”

C.H. Venkatachalam, General Secretary, All India Bank Employees’ Association (AIBEA) reacted on move saying, “This seems to be BJP’s style of phone banking. As to the huge bad loans in government owned banks, the BJP used to allege that Congress party leaders, when their party was in power at the Centre, used to call bankers to sanction loans to their favourites,”

He further added, “It is politics, of course. Due to negative press regarding the BJP, the auction notice was withdrawn. They are the same. We demand a thorough investigation into this to determine who published the initial advertisement and who decided to revoke it, as well as their reasoning. There should be accountability for this.”

Sunny Deol’s Gadar 2, which was released last week, has already made over 370 crore at the box office.