Abhay Deol bankrupt, mortgages his property

Owing to the failure of his first production venture One By Two at the box office, the dimpled actor is currently going through a financial crunch

We all know Abhay Deol’s last outing One By Two co-starring his ladylove Preeti Desai  failed miserably at the box office. Since the talented actor had co-produced the film, he also had to bear the losses. Further the actor-turned-producer couldn’t recover the cost with the film’s music, coz the album wasn’t released at all. Remember Abhay locking horns with music giant label T – Series? Looks like the One By Two debacle, has affected Preeti Desai‘s beau, who is amidst serious financial problems. We hear the situation is so bad that AD has mortgaged his Juhu flat  to care of his finances.

According to a report in a leading tabloid, a public notice has been published regarding the same. In fact, Abhay confirmed the news and said to the tabloid that he had taken a loan against which he submitted his property papers as a surety to the bank. Reportedly, the Zindagi Na Milegi Dobara actor as of now is staying  at his Santacruz apartment and if he fails to repay his loan then his Juhu flat would be seized by the bank. His Juhu property would then be declared as a Non-Performing Asset and would be auctioned for prospective buyers.

Knowing Abhay Deol, we are sure the actor will fight this situation and overcome his financial woes pretty soon!