Bollywood actor Rajpal Yadav’s property in his hometown of Shahjahanpur has been sealed by a Mumbai bank due to the non-repayment of a substantial loan.
According to reports, the Central Bank of India took this action on Wednesday after Yadav failed to repay a loan of INR 5 crore, which had ballooned to INR 11 crore over time. The property, located near the Dak bungalow, was mortgaged as collateral for the loan.
Yadav had originally taken a loan from the bank’s Bandra Kurla Complex branch in Mumbai to establish a production house, ‘Navrang Godavari Entertainment Limited,’ named after his parents. Despite attempts to reach him for comment, Yadav declined to speak on the matter.
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The bank’s move underscores the seriousness of the situation, as part of the actor’s property has now been seized due to the mounting debt. The incident has raised concerns among his fans and industry colleagues.
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