Rajpal Yadav fails to repay ₹11 cr loan, portion of his Shahjahanpur property sealed by bank

Rajpal Yadav had set up 'Navrang Godavari Entertainment Limited', a production house, in the name of his parents in 2005 and taken a loan of ₹5 crore.

A part of a property belonging to film actor Rajpal Yadav in his native Shahjahanpur district of Uttar Pradesh has been sealed by a Mumbai bank over non-repayment of a loan, an official said on Wednesday. Manish Verma, manager of the Shahjahanpur branch of Central Bank of India, said the actor had taken a loan from the Mumbai branch of the bank by mortgaging his property in his native district. (Also Read – Top 8 Bollywood supporting actors who stole the show in these films: From Kangana Ranaut to Paresh Rawal)

Actor Rajpal Yadav fails to repay loan

When contacted by PTI, the Mumbai-based actor declined to comment on the matter. Sources close to the actor said Yadav had set up 'Navrang Godavari Entertainment Limited', a production house, in the name of his parents in 2005 and taken a loan of ₹5 crore from the Bandra Kurla Complex branch of the Central Bank of India in Mumbai.

At the time of the sealing of property, he owed the bank ₹11 crore, they said. On August 8, a team from the Mumbai bank sealed a part of the house located near the Dak bungalow, they added.

According to locals, the bank officials sealed the building in such a hurry that they failed to even switch off electrical items inside the house. Superintendent of Police Ashok Kumar Meena said he had no information about the sealing as local police's help was not sought in the matter by the bank.

He did theatre in Shahjahanpur from 1987 to 1992 and after that, went to Bharatendu Natya Akademi in Lucknow, before landing at National School of Drama in Delhi, Malik added.