Bollywood actor Rajpal Yadav is facing financial difficulties once again, as his property worth crores has been seized by the Central Bank of India. The issue dates back to 2012 and is connected to his film Aata Pata Lapata, which Rajpal directed and his wife, Radha Yadav, produced.
The Film That Led to Trouble
Rajpal Yadav poured his heart and soul into Aata Pata Lapata, even going so far as to take a significant loan to fund the project. In 2010, he secured a loan of ₹5 crores from the Central Bank of India’s Bandra branch in Mumbai. To guarantee the loan, Rajpal mortgaged his father’s land and house. Unfortunately, the film did not succeed, and the financial burden only grew.
Property Seized Due to Unpaid Loan
As the years passed, Rajpal Yadav struggled to repay the loan. The original amount of ₹3 crores has now ballooned to ₹11 crores due to interest and penalties. Recently, the Central Bank of India took action, seizing Rajpal’s property in Shahjahanpur, known as Seth Enclave, which is worth crores. The seizure was carried out by a team from the bank’s Mumbai branch, who discreetly put up a banner on the property stating that it now belongs to the Central Bank of India and forbidding any sale or purchase of the property.
Swift Action by the Bank
Reports indicate that the bank’s team acted swiftly, sealing the property in Shahjahanpur, which Rajpal had rented out to a marble seller. The operation was conducted so rapidly that even a cooler running inside the property was not turned off before the building was sealed.
Previous Legal Troubles
This isn’t the first time Rajpal Yadav has faced legal issues due to financial difficulties. In 2018, he was sentenced to three months in jail after a civil case was filed against his company, Shri Naurang Godavari Entertainment, by Murali Projects, a Delhi-based company. The case also stemmed from loans taken for film production, further complicating his financial situation.
Rajpal Yadav’s ongoing financial troubles highlight the risks and challenges involved in film production, especially when personal assets are used as collateral for loans. As he navigates this difficult period, his fans and the industry watch closely, hoping for a resolution that allows him to continue his career in Bollywood.
