Rajpal Yadav jailed for three months for failing to repay a loan of Rs 5 crore | Bollywood

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Delhi High Court sent Bollywood actor-comedian on Friday Rajpal yadav to three months in prison for not having repaid a loan of Rs 5 crore taken out by his company to make a film. Judge Rajiv Sahai Endlaw ordered that Yadav be taken into custody and held in Tihar prison.

Delhi-based Murli Projects had filed a civil lawsuit against Yadav’s company, Shree Naurang Godavari Entertainment, for failing to reimburse Rs 5 crore the actor took in 2010 to make his first directional film in Hindi. Ata Pata Laapata.

At the time of the agreement on August 8, 2012, Yadav agreed to pay Rs 11.10,60,350 including principal amount and interest. Meanwhile, a dispute arose between the two parties and the case was taken to the High Court where Yadav pledged to repay 7 crore rupees.

However, the seven checks subsequently issued by the accused were refused due to “insufficient funds”.

The actor, however, refuted all the charges brought in court, stating that he had taken no loan from the plaintiff and that the sum of money had instead been invested by the plaintiff in his film. He also defended that the checks had been given as collateral and that the money was therefore a simple investment and not a loan. When convicting the actor, his company and his wife, the court said he could not feign ignorance / repercussion of signing legal documents.

“There are three things. Either someone invested 5 crore rupees or someone lent that much money. The third thing is that Rajpal Yadav has been involved in a fraud. Only one of these three things can be right. Please let me know for which I am being punished, ”Yadav told HT in an interview in April.

(With IANS entries)

To pursue @htshowbiz for more





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