A bench of Justice G S Sistani asked HDFC and ICICI banks to "forthwith" release the money to Delhi-based businessman M G Agarwal, owner of Murli Projects.
Agarwal had filed a recovery suit against the 43-year-old actor and his wife Radha after the couple failed to repay the loan of Rs five crore which was taken in 2010 for Yadav's Hindi debut directional film "Ata Pata Laapata".
The court had also made clear that the permission to go abroad, between March 30 and April 14, was not a "concession" as his past conduct was "not good".
During the proceedings, senior counsel Dayan Krishnan, appearing for the businessman, alleged that Yadav did not provide him with a copy of undertaking filed in the court.
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Krishnan termed it serious and said, strict action be taken against Yadav as has been done by the apex court in the Sahara case.
The high court had on December 10, 2013 suspended the sentence of 10 days jail term awarded to him by a single judge for misleading the court in the recovery suit.
Yadav had spent three days in jail from December 3 to 6, 2013.