Is it true that Bao sued for loan default of more than 100 million yuan?

201165438 On October 24th, 20061,Jiangsu Trust and Bao signed the Trust Loan Contract of Jiangsu Baoqianli Video Technology Group Co., Ltd., and both parties agreed that Jiangsu Trust would provide Bao with a loan of 654.38+95 million yuan with a term of 24 months, that is, from 2065.438+. The loan shall bear interest on a daily basis and be settled quarterly. The settlement date is the 20th of the last month of each quarter, and Bao pays the interest incurred on each settlement date.

The specific repayment includes the repayment of the principal of 40 million yuan at the end of 6 months from the date of lending the trust loan; Repay the principal of 40 million yuan from the release date of the trust loan1the end of February; Repay the principal of 40 million yuan from the release date of the trust loan1the end of August; The rest will be returned in one lump sum at maturity, and the proceeds will be paid off with the principal. If Bao fails to repay the loan principal under this contract in full and on time, Jiangsu Trust has the right to declare the loan due in advance, require it to pay off the loan principal and interest in advance, and impose a penalty interest rate on the overdue principal on a daily basis. The penalty interest rate is 50% higher than the loan interest rate implemented on the overdue day; If Bao fails to repay the loan interest under this contract in full and on time, Jiangsu Trust has the right to require him to pay off within a time limit and compound interest on a daily basis at the overdue penalty interest rate.

On the same day, Jiangsu Trust and Bao signed the Equity Pledge Contract, which stipulated that Bao would provide pledge guarantee for all debts under the main contract with its 0/00% equity of Shenzhen Xiaodou Technology Co., Ltd.165438+25. Jiangsu Trust went through the registration formalities for the establishment of equity pledge in Shenzhen Municipal Market Supervision Administration and obtained the pledge right of the equity. At the same time, Jiangsu Trust signed a guarantee contract with Shenzhen Baoqianli Electronics Co., Ltd. (hereinafter referred to as Shenzhen Baoqianli), which stipulated that Shenzhen Baoqianli would provide joint and several liability guarantee for all debts under the main contract. Regardless of whether the creditor's rights under the main contract are guaranteed by other means, Jiangsu Trust has the right to directly ask Shenzhen Baoqianli to assume the guarantee responsibility within the scope of guarantee.

However, in a short period of one year, Bao could not repay the principal on time. It is worth mentioning that this default is to repay the principal of 40 million yuan from the release date of the trust loan1the end of February.