After state-owned Bank of Baroda withdrew its auction notice for actor Sunny Deols property in Mumbais Juhu area for recovering ₹56 crore dues, the BJP MP has refused to comment on this, saying, “I do not want to comment as these are personal matters.”Sunny Deol on auction noticeThe bank was set to put on an e-auction the villa owned by Sunny Deol to recover ₹56 crore.“I do not want to comment. These are personal matters. Main kuch bhi bolunga, log galat matlab nikalenge,” Sunny Deol said.Meanwhile, the Bank of Baroda has cited two major technical reasons as to why it withdrew the auction notice of Sunny Deols Sunny Villa in Mumbai.Why auction notice withdrawnCiting the reasons, a BoB spokesperson said, “First, the total dues did not specify the exact quantum of dues to be recovered. Secondly, the sale notice was based on a symbolic possession of the property as per Rule 8(6) of The Security Interest (Enforcement) Rules 2002. An application has been made for physical possession by the Bank with the Chief Metropolitan Magistrate on 01st August2023, which is pending permission.”“Since the unit is running as conveyed to us by the borrower, sale action will be initiated as per the provisions of the SARFAESI Act, once the physical possession is taken,” the spokesperson said.As the auction notice was up, the borrower approached the lender for settling the dues as per the sale notice published on Sunday. The bank then said that where the borrower/guarantors were notified that they are entitled to redeem the securities by paying the outstanding dues/costs/charges and expenses at any time before the sale is conducted.Amid these, the sale notice is withdrawn as per the normal industry practice followed in other cases as well, the spokesperson added.
