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Actor Rajpal Yadav’s property in Shahjahanpur, Uttar Pradesh, has been sealed by a Mumbai bank over non-repayment of a loan. PTI quoted an official of the Shahjahanpur branch of Central Bank of India, who said Rajpal Yadav had taken a loan from the Mumbai branch of the bank by mortgaging his ancestral property in the town.
According to the news agency, Rajpal Yadav had set up ‘Navrang Godavari Entertainment Limited’, a production house, in the name of his parents in 2005 and had taken a loan of Rs 5 crore from the Bandra Kurla Complex branch of Central Bank of India in Mumbai.
At the time of the sealing of property, he owed the bank Rs 11 crore. Reportedly, on August 8, a team from the Mumbai bank sealed the house located near Shahjahanpur’s dak bungalow. According to the locals, the bank officials sealed the building in “such a hurry” that they failed to even switch off electrical appliances inside the house.
This isn’t the first time the actor is at the receiving end of non-payment issues. In 2018, he had served a three-month jail sentence for defaulting on a Rs 5 crore loan he had taken in 2010 to produce the film, Ata Pata Laapata.
“After three months, when I was leaving from there (jail), the jail superintendent and the staff gave me two certificates instead of one,” he said of his time inside, where he also conducted workshops for fellow inmates.
“The jail superintendent told me, ‘This place is very historic and in my whole life I have not seen someone like you. We got inspired by you. We thought we would hear your complaints every day, but in these three months you have made the walls alive,’” Rajpal Yadav had revealed in an interview with Siddharth Kannan.
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