Rajpal Yadav in trouble, loan of Rs 5 crore increases the troubles of the veteran actor:

News India Live, Digital Desk: These days, Bollywood’s famous comedian Rajpal Yadav is in the news more for his legal issues than his films. The issue of old loan of Rs 5 crore has once again heated up. At the center of this controversy is ‘Murali Projects Private Limited’ and its owner Madhav Gopal Agarwal. After all, what is this whole matter and why Rajpal Yadav’s properties are on the verge of being confiscated, let us know in detail.

What is the whole controversy?

This case is of the year 2010, when Rajpal Yadav had decided to make his first film as a director ‘Ata Pata Lapata’. For the production of the film, he had taken a loan of Rs 5 crore from Delhi businessman Madhav Gopal Aggarwal’s company ‘Murali Projects’.

As per the condition, Rajpal had to return this amount with interest, but the film flopped miserably at the box office. After this Rajpal Yadav was unable to repay the loan and from here his legal battle started.

check bounce and jail sentence

The checks given by Rajpal Yadav to repay the loan bounced in the bank. After this Murali Projects approached the court against him. In 2018, the Karkardooma court found him guilty in a check bounce case and he also had to serve three months in jail.

Who is Madhav Gopal Aggarwal?

Madhav Gopal Agarwal is the promoter and owner of ‘Murali Projects Private Limited’. His company is active in the field of real estate and finance. Madhav Gopal had accused Rajpal Yadav that the actor not only did not return the money but also tried to mislead the court by giving a false affidavit.

Latest Update: Property attachment action

According to recent reports, the process of attaching Rajpal Yadav’s ancestral property located in Shahjahanpur, Uttar Pradesh and some other properties has been initiated to recover the loan. Central Bank of India has also expedited the recovery proceedings in this matter.

Rajpal Yadav promised several times to return the money in installments, but he could not pay within the deadline. At present, the actor is looking for a way out of this legal crisis, but his dispute with ‘Murali Projects’ is not ending.