There were reports that the 29-year-old funnyman opted out of the comedy show because his contract was getting over and the show's producer and host Kapil Sharma was not ready to give him a hike he had asked for.
Sunil was participating in the Agenda Aajtak session here.
When yoga guru Ramdev, who was also one of the speakers at the session, asked Sunil whether money was the reason behind his quitting the show as quoted by the news channel, he dodged the question initially.
Sunil also said that his famous onscreen character Gutthi was not created by anyone, insisting that it was an amalgamation of the mannerisms of girls he met in his college days.
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"Gutthi has come from my experiences I had in my college. I used to study in Guru Nanak college and there we had only seven girls out of 4,300 boys. And girls in small towns mostly behave in the same manner the way I used to do in the show," he said.
"I am a small wannabe. I don't like something which is perfect. It's more fun being a wannabe because there is always a scope to learn more. When I approach a character, I don't take it as comedy because I don't know how to do it.
"I have a special power to understand a human psyche. I just enter to a person's mind and try to enact them," he added.
Being born to a Punjabi Hindu family in a small village Dabwali, Haryana, Sunil always loved to make people laugh through his antics and his first show as a funnyman started at a village marriage.