When Amitabh Bachchan said creditors were ready to seize his house, had Rs 90 cr debt: ‘I had 55 legal cases against me, it was humiliating’

Amitabh Bachchan had once shared that he was on the verge of losing his house when his company was going through a major financial setback.

By: Entertainment Desk

New Delhi | May 11, 2023 02:37 PM IST

2 min read

Amitabh Bachchan had a debt of Rs 90 crore.

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Amitabh Bachchan went through a rather difficult time in the 1990s when his company went bankrupt and he had creditors at his door. In an old interview, Bachchan had also revealed that he had a debt of Rs 90 crore. Not just that, Amitabh Bachchan was on the verge of losing his house as well since all his assets were attached with the company.

In an old interview with Vir Sanghvi, the host asked Bachchan if his house was going to get seized, the actor said, “Yes, it was, in fact, attached. All assets, all properties were attached. So when you sign a personal guarantee, then you are personally liable to pay that and so there were about Rs 90 crore to be paid back.” The Sholay actor said that there “about 55 legal cases” and “and there were creditors on the door everyday, very embarrassing, very humiliating.”

Bachchan said that people, who were earlier very excited to get associated with his company, and him, suddenly became “very hostile, became very humiliating and rude.” “All in all not a very good picture,” he said.

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Speaking about his debt, Bachchan said that a “lot of it was with government institutions like with Prasar Bharti, Doordarshan, lot of it with banks, financial institutions, personal loans and some of it were erroneously guaranteed by me and Jaya personally.” Bachchan said at the time, he was ill advised financially and was told nothing would ever happen which is why he ended up signing a few personal guarantees.

It was in the middle of this storm that Amitabh Bachchan found a lifeboat in Yash Chopra as the late director offered him a part in Mohabbatein. The success of the television show Kaun Banega Crorepati also helped his career get back on track.

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