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Canara Bank has issued a legal notice to Amisha Patel and her family seeking recovery of dues amounting to Rs 11.75 crore, loaned to them for financing their business.
The notice has been sent to Amisha, her mother Asha, father Amit, actor-brother Ashmit and the office of their Nashik-based firm Messrs Jai Electronics, said Nishit Dhruv, the lawyer representing Canara Bank.
The notice, issued by M Dhruv and Co on September 9, has asked the Patels to pay the amount within seven days, failing which the bank would be compelled to take legal action by filing a recovery suit in an appropriate court.
"We shall proceed in accordance with law and if necessary, file a suit for the recovery of dues," Dhruv told PTI.
Asha Patel claimed she was not aware of this. "There are attempts to malign our family and some vested interests are behind this," she said.
Other members of the Patel family were unavailable for comment.
Amisha, Asha, Amit and Ashmit are directors of the family-run firm Jai Electronics, which had obtained overdraft and other credit facilities from Canara Bank's Queens Road branch in Mumbai in 2001. Later, the credit facilities were transferred to Canara Bank's Girgaum branch. All members of Patel family, including Amisha, had guaranteed repayments to the extent of Rs 10 crore alongwith further costs and charges, the notice pointed out.