Rajpal Yadav’s Shahjahanpur property sealed over unpaid loan: Reports
Rajpal Yadav, a Bollywood actor, is facing financial difficulties after the Central Bank of India sealed his property in Shahjahanpur. The actor had mortgaged the home to get a loan for his production company, Shri Naurang Godavari Entertainment Limited. Yadav's production company, legally owned by his wife Radha Yadav, planned to make a film starring himself and the late actor Om Puri. The film also included Shahjahanpur-based talent. However, the enterprise appears to have reached a stumbling block.
According to reports, the loan, first obtained from the Central Bank of India's Mumbai branch, escalated to a whopping Rs 11 crore due to missing installments. Due to the rising debt, the bank decided to seal the property on August 8. Interestingly, the procedure was conducted out discreetly, with no involvement from local authorities.
With that said, neither the bank nor the actor have issued an official remark on the topic.
This is not the first time the actor has had legal problems with this loan. Rajpal Yadav was sentenced to three months in prison in 2018 after failing to repay the loan. Despite the setback, the performer maintained a wonderful spirit. Rajpal Yadav spoke with prominent YouTuber Siddharth Kannan last year about his prison experience.
He said that he offered workshops for other detainees, inspiring them to find purpose and optimism. The actor's ability to turn adversity into an opportunity to help others is admirable.
On the professional front, Rajpal is eagerly awaiting the release of his upcoming flicks, Bhool Bhulaiyaa 3 and Welcome To The Jungle.