Planned bankruptcy of some companies due to non-payment of bank installments

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-Sunday 2025/05/04 - 11:37
News Code:17470
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 Bank claims are basically created as a result of concluding contracts. Most of the contracts that are in arrears

 Hadi Fazlali, Appeals Judge of Tehran Province, at the meeting on Banking Crimes and Obstacles to Collecting Banks' Claims:

Bank claims are basically created as a result of concluding contracts. Most of the contracts that are in arrears are related to facilities that have been paid to limited liability companies, private joint stock companies, and small cooperatives.

For example, a private joint stock company may consist only of a father, mother, and two or three children; sometimes these people have registered several companies and receive loans from various banks through different legal forms.

The main skill of these people is to use the simple structure of the company, so that after receiving the funds from the bank, they can easily and effortlessly withdraw the financial resources from the company and use them in personal affairs. 

 

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