BoB To Auction Sunny Deol's Juhu House Under Sarfaesi Act To Recover Rs 56 Cr

According to the bank, the property that is put on e-auction measures 599.44 sq. metres and a structure known as Sunny Villa located in Mumbai’s Juhu locality. Sunny Deol is described as the borrower/guarantor and the other guarantors are Dharmendra Singh Deol and Sunny Sounds Pvt Ltd. The bank is auctioning the property under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2022. The reserve price is about Rs 51.43 crore and the earnest money deposit is fixed as about Rs 5.14 crore.

According to BOB, the property can be inspected between 11 a.m and 1 p.m. on 14.9.2023 and the status of the possession is symbolic. The bank also said the borrowers/guarantors can redeem the securities by paying the outstanding dues/costs/charges and expenses at any time before the sale is conducted. The auction notice was issued by BOB’s Zonal Stressed Asset Recovery Branch, Ballard Estate, Mumbai.

Sunny Deol was not available on phone when IANS tried to get his reaction to the BOB e-auction advertisement.