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What is Bank Sues Trinity Fabtech for Loan Default about?

ABCD Bank Limited has filed a commercial suit against Trinity Fabtech Private Limited for recovery of ₹5,46,00,000 due to default on a loan agreement initiated in December 2022. The defendant failed to make repayments starting from April 2023 despite repeated reminders and a legal demand notice issued in February 2024. The plaintiff seeks a decree for the outstanding amount, interest, and costs associated with the suit in the High Court of Bombay.

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utkarshvatsalex

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EN