3 hrs ago
Supreme Court Accepts Rajpal Yadav’s Property Sale Proposal
Rajpal Yadav is involved in a long-running court case about cheques that were not paid.
The dispute began after money was borrowed for a film.
Yadav says a later agreement changed what should happen to the earlier cheques.
He has offered to sell ancestral property to help pay the money owed.
He brought drafts for Rs 1.15 crore to court.
A possible buyer said he would pay another Rs 85 lakh.
The Supreme Court accepted this proposal and said it would set a plan for paying the rest.
The court will hear the case again after two days.
The Supreme Court accepted Rajpal Yadav’s proposal to sell ancestral property to help clear dues in a cheque-bounce case.
Yadav presented demand drafts for Rs 1.15 crore; a prospective buyer said he would pay another Rs 85 lakh.
The case concerns Rs 5 crore Yadav and his wife received from Murli Projects for the film Ata Pata Laapata.
Yadav says a later agreement made the earlier security cheques invalid; Murli Projects pursued complaints after cheques were dishonoured.
The court said it would set a schedule for the remaining payment and will hear the matter again after two days.
- Who
- Actor Rajpal Yadav, his wife, Murli Projects, and the Supreme Court.
- What
- The Supreme Court accepted Yadav’s proposal to sell ancestral property and make an immediate Rs 2 crore payment toward dues in a cheque-bounce case.
- Where
- The Supreme Court of India.
- When
- The court considered the proposal on Wednesday; the case is due to be heard again after two days.
- Why
- The case arises from a dispute over loan-related cheques connected to the production of Ata Pata Laapata.
Yadav’s position
Murli Projects’ position
Validity of the cheques
Yadav’s position
Yadav argues that a later consent agreement made the earlier security cheques invalid, so complaints based on them were not maintainable.
Murli Projects’ position
Murli Projects pursued complaints after seven of the earlier security cheques were presented and dishonoured.
Payment arrangement
Yadav’s position
Yadav proposed paying Rs 2 crore immediately, including funds from a prospective buyer of his ancestral property, and sought time to resolve the remaining dues.
Murli Projects’ position
The complainant’s counsel agreed to the proposal and said Yadav could be given three months to pay the remaining amount if Rs 2 crore was deposited immediately.
Key facts
- Immediate payment proposed
- Rs 2 crore
- Demand drafts presented by Yadav
- Rs 1.15 crore
- Additional amount offered by prospective buyer
- Rs 85 lakh
- Amount received from Murli Projects
- Rs 5 crore
- Film connected to the dispute
- Ata Pata Laapata
- Earlier sessions court sentence
- Six months’ imprisonment in May 2024
- Supreme Court next hearing
- After two days
Quotes
Supreme Court bench
The Supreme Court bench hearing Rajpal Yadav’s plea
“The petitioner has finally brought demand drafts in the sum of Rs 1.15 crore, which shall be deposited with the Registry during the course of the day. As regards Rs 85 lakh, the petitioner claims that the prospective buyer of his property is present in Court. Anant Prakash Yadav is present in Court and he is willing to pay a sum of Rs 85 lakh. He is willing to deposit the sum of Rs 85 lakh by way of demand draft with the registry on Monday. On doing so, we will give him specific conditional “rel”
telegraphindia.com
Sources
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