Rajpal Yadav's 2 properties to be auctioned on Sept 9 in Rs 16 crore loan case
Actor Rajpal Yadav faces the auction of two properties in Uttar Pradesh due to an unpaid loan of over Rs 16 crore. The bank initiated the process after the actor failed to repay funds borrowed for his directorial debut film.
Why it matters
This highlights the financial risks associated with film production and the legal consequences of defaulting on significant personal and business loans.
Rajpal Yadav's financial troubles show no signs of easing, with a fresh report revealing that two of his properties in Shahjahanpur, Uttar Pradesh, are set to be auctioned. The development comes even as the actor's ongoing check bounce case remains unresolved. Let's take a look at the latest update in the case in detail.Bank issues auction notice to Rajpal YadavAccording to the NDTV report, the Central Bank of India, Mumbai, has posted official notices regarding the auction of two properties owned by Rajpal Yadav, one located in the city and the other in a village in Shahjahanpur. The actor owes the bank Rs 16.61 crore and 64 thousand rupees, while the two properties in question are valued at approximately Rs 3.19 crore.Rajpal Yadav borrows money for his directorial debutRajpal Yadav reportedly took the loan from the bank to fund his film 'Aata Pata Lapata'.
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