There were reportedly seven cases against the actor and he has to pay Rs 1.60 crore fine per case.
He said, "I respect the court's judgement and will appeal in this matter to reduce the punishment."
Earlier, a case was registered which stated that Rajpal and his wife allegedly failed to repay a loan of Rs 5 crore, which the actor had taken from a Delhi-based businessman for his directorial debut in 2010.
Yadav was also sent to Tihar Jail from December 3 to December 6 for submitting a false affidavit in the case. (ANI)