MoneyWorks4Me

Federal Bank takes possession of SB&T International’s office

11 Dec 2013 Evaluate

Federal Bank has taken the possession of SB&T International’s office located at 138, Shreeji Chambers, Opera House in Mumbai. The bank has taken this step as the property was mortgaged with the bank against a loan taken from them and the company was unable to repay the loan within the given time limit.

SB&T International is a 100% EoU in the business of manufacture and export of studded jewellery at SEEPZ (a free trade zone) in Mumbai.

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