The bank had seized the factory without having any legitimate claim against its owner.
The story begins with a person from a town in Kerman who received a loan from the bank to expand a food production factory. Due to the economic recession and inflation, he was delayed in repaying the installments. However, the interest and penalties, defined by the bank’s accounting system, kept accumulating at an increasing rate. The bank added debt upon debt until its claim equaled the entire value of the factory. At this point, the collection process began, and after an auction, the bank took possession of the entire factory.
The factory owner, after receiving the first eviction notice, visited the office in complete despair, hoping to buy back the lost factory from the bank in installments. This was the factory he had built with all his heart and soul, which had slipped from his grasp due to the market’s unfairness.
To defend the client’s rights, we filed several lawsuits in the courts and, based on a sound strategy, managed to prove that the loan this entrepreneur received had been subjected to compound interest and that he had no debt to the bank at the time of the auction. As a result, we prevented the closure of this production unit, allowing it to continue operating. The client’s last words were interesting: “When I chose a lawyer, they laughed at me… but when I got the factory back from the bank…”
