Make a good film, repay your debts: Supreme Court to Rajpal Yadav
Supreme Court has maintained the condition for Rajpal Yadav to deposit Rs 2 crore for his appeal. Yadav took a loan of Rs 5 crore in 2010 for a film that never completed, which has accrued interest. His counsel mentioned he secured Rs 1.15 crore and aims to sell property to cover remaining dues. The court suggested producing a successful film may help him repay the debts.
The Supreme Court on Wednesday denied comedian Rajpal Yadav's request for a reduction in the pre-condition of depositing Rs 2 crore to hear his appeal challenging his conviction for cheque bouncing. However, the court offered a compromise, suggesting that Yadav make a successful film to repay his debts.
The loan of Rs 5 crore Yadav took in 2010 for producing the film Aata Pata Lapata had ballooned due to interest, despite the film never being released due to litigation. Senior advocate Ajit Kumar Sinha, representing Muli Projects that had advanced the loan, was assured by the court that it would ensure Yadav repays the debt.
Yadav's counsel informed the court that he had obtained a demand draft for Rs 1.15 crore and entered into an agreement with Anand Prakash Yadav for selling his property. He requested additional time till October 13 to deposit the remaining Rs 85 lakh, which was then granted by the Supreme Court. This decision protected Yadav from having to serve his jail term.
The Chief Justice of India stated, "Make a good film and entertain people. You will be able to repay the loans." The case was then posted for hearing on October 15.
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