Padma Bank has accused Mirage Agro Complex, a readymade garment manufacturer and exporter from Chattogram, for repaying Tk 37.76 crore agricultural loan.
The RMG company grabbed the loan from the bank six years ago. To recover the loan, Padma Bank filed the case with Artha Rin Adalat on 29 August.
Moreover, the company couldn’t be found at the place mentioned in the bank’s paper.
The company used to pay instalments initially, but stopped that in 2018. In 2019, the loan turned into a bad loan and Mirage Agro applied for another reschedule. But the bank declined as the down payment was not made as per the conditions.
On 29 August, 2021 Padma Bank filed a case against the company with Chattogram Artha Rin Adalat, claiming that the company carried bad loans.
Source: The Business Standard