Sunday, August 7, 2022
HomeArjun RampalArjun Rampal sued for not paying back Rs 1 crore loan

Arjun Rampal sued for not paying back Rs 1 crore loan

A case has been filed against Bollywood actor Arjun Rampal in the Bombay high court (HC) after he allegedly failed to pay back a loan of Rs 1 crore.

Arjun Rampal sued

According to reports, Arjun had reportedly borrowed a total of Rs 1 crore from the company called YT Entertainment. The actor had promised to pay back his loan within a time period of 90 days and with 12 per cent interest. However, he not only failed to make his deadline, but hasn’t paid back his loan at all.

Arjun Rampal sued

The actor also gave a post-dated cheque (PDC) of Rs 1crore. However, the cheque bounced when it was deposited on August 23. YT Entertainment then filed a criminal complaint against Rampal in October last year.

The actor was served a legal notice under provisions of section 138 of the Negotiable Instruments Act, 1881 on October 8, where he was asked to pay Rs 1 crore with interest, within 14 days. But, as he failed to comply, a criminal complaint was filed against Rampal in the metropolitan magistrate court at Andheri on October 29.

Read also:

Criminal case filed against Arjun Rampal over non-payment of dues

Rampal then paid Rs 7.5 lakh to the firm on November 22, but as he failed to pay the entire loan amount, a commercial suit was filed for recovery of Rs 10,050,000 with interest, on Tuesday, after adjusting the Rs 7.5 lakh he had already paid.

Dasgupta has refuted Rampal’s claim and said the actor has not returned any money apart from Rs 7.5 lakh.

 

 

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