Bollywood actor Arjun Rampal alleged of failing to payback Rs. 1 crore loan had been served litigation notice in Bombay High Court by YT entertainment.
The actor had taken the 1 crore sum as debt from the production house in May 2018.
Meanwhile, Rampal has said otherwise. He said, “The issue has been cleared and the transaction has happened.”
But YT entertainment’s lawyer has stated, the actor had promised to return back the amount within 90 days with an interest of 12 percent.
On August 23, 2018, Rampal had extended a cheque of rupees 1 crore which failed to clear. Following which YT Entertainment had registered a criminal complaint against the B-town actor in October 8.
On October 8, Rampal had been served legal notice to pay back the amount within 14 days. After failing to pay by the deadline, again a criminal complaint was filed in the metropolitan magistrate court at Andheri on October 29, 2018.
As per reports, the actor had paid only Rs. 7.5 lakhs of the total amount on November 22, 2018.
The YT Entertainment lawyer has stated no other amount has been paid by the actor aside Rs. 7.5 lakhs.