Aug. 14, Rajpal Yadav (UP): Due to non-payment of a debt, a Mumbai bank has sealed film actor Rajpal Yadav’s Shahjahanpur property, an official said on Wednesday.
The actor obtained a loan from the Mumbai branch of the Central Bank of India by mortgaging his ancestral home in Shahjahanpur, according to Manish Verma, manager of the bank’s Shahjahanpur branch.
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According to people close to the actor, Rajpal Yadav established “Navrang Godavari Entertainment Limited,” a production company, in his parents’ names in 2005. He also obtained a Rs. 5 crore loan from the Central Bank of India branch located in Mumbai’s Bandra Kurla Complex.
The bank’s actions on August 8 were carried out discreetly. Without involving local police or officials, the team sealed the property by placing a lock on the gate, all while ensuring the cooler inside the building remained running. Interestingly, by the following Monday, there were no signs indicating the bank’s claim over the property—no banners or official notices were displayed.
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The decision to proceed without police involvement, despite earlier requests for security support, was confirmed by Manoj, the manager of the local branch of the Central Bank of India. He acknowledged that the recovery team from Mumbai executed the sealing, though the bank’s Bareilly DRM, SK Sabharwal, declined to comment on the matter.
Rajpal Yadav’s financial woes are not new. His troubles date back to 2010 when he borrowed Rs 5 crore from Madhav Gopal Agrawal, the director of Murli Projects Private Limited, to finance the film Ata Pata Laapata. Unfortunately, the film did not perform as expected, and Yadav’s failure to repay the loan led to a series of financial difficulties. The debt eventually ballooned to Rs 10 crore, and due to a bounced check related to this debt, Yadav was even sent to jail.
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