Ravi Chopra’s family to sell four properties to clear Rs 32 crore debt

Written By Myanmar on Tuesday, 9 April 2013 | 22:02

Dhiren TrivediLast Updated: 6.38 PM IST 04.09.2013

Ravi Chopra's family to sell four properties to clear Rs 32 crore debt

The ailing director's family has no option but to put on sale their prime properties

Ravi Chopra hasn't been keeping well since the last couple of years. In spite of getting the best treatment and healthcare, the Baghban filmmaker unfortunately hasn't shown any progress. To top it all, the family has a debt of Rs 32 crores. To clear off these dues, the Bombay High Court had ordered that seven properties owned by the Chopra family be sold off if they failed to pay off the debt by April 15, 2013.

Thus, just days before the court takes possession of their properties, the Chopra family has moved the court seeking urgent orders to dispose of their assets. Justice SJ Kathawalla has allowed the sale of four houses – a 1,600 sq ft flat at Sterling Apartments in Worli, the bungalows Garden Homes I and II in Khar, and the tenancy rights of one of their office premises (total estimate worth at Rs 38 crores.)

The family's problems don't end here. The Chopra family is also contesting Viacom 18's third-party claim for Rs 15 crores with interest, for a movie production deal gone sour. The iconic BR House bungalow in Juhu has been placed as surety against the claim.

We hope the family comes out of the legal mess and Ravi Chopra has a speedy recovery.

First Published: 6.45 PM IST 04.09.2013