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The second creditors' meeting of Leling Yutai Real Estate Development Co., Ltd. was successfully held

Published:

2021-12-22

On the morning of December 21, 2021, under the auspices of the people's Court of Leling City, with the understanding, cooperation and support of all creditors, the second creditors' meeting of Leling Yutai Real Estate Development Co., Ltd. (hereinafter referred to as "Yutai company") bankruptcy liquidation case was successfully held with Zhongcheng Qingtai (Jinan) law firm as the administrator. Due to the large number of creditors in this case, in order to thoroughly implement the important instructions on the prevention and control of the new crown epidemic, this meeting was held in the form of a network on the national enterprise bankruptcy reorganization case information network. the authorized representative of the chairman of the creditors' meeting, the representative of the administrator, the representative of the audit institution, the representative of the evaluation institution, the representative of yutai company and the representative of the staff attended the meeting on the spot. more than 400 creditors logged on the network meeting. At the meeting, the administrator made a "report on the phased work of the performance of his duties" and "a report on the verification of claims submitted to the second meeting of creditors", and submitted to the meeting of creditors for consideration and voting to adopt the "bankruptcy property change price plan" and "bankruptcy property distribution plan". As a real estate development enterprise, the bankruptcy of Yutai Company involves the interests of financial institutions, investors, builders, demolished people, property buyers and many other subjects. The contradictions of all parties are relatively concentrated and prominent, the case is complex, and the social impact is great. Based on the principles of law and regulations, diligence and due diligence, the administrator protects the legitimate rights and interests of all parties, coordinates conflicts of interest of all parties, actively resolves conflicts and disputes in bankruptcy liquidation, properly handles historical issues, and strives to maintain social stability. The smooth convening of this meeting will effectively promote the effective disposal of the assets of bankrupt enterprises in accordance with the law and safeguard the legitimate rights and interests of creditors to the maximum extent. The follow-up manager will continue to perform his duties, overcome difficulties, and work under the supervision of the court and creditors. The administrator will realize the bankruptcy property as soon as possible in accordance with the "bankruptcy property price change plan" approved by the creditors, try his best to maximize the value of the bankruptcy property, and distribute it in accordance with the "bankruptcy property distribution plan" after the completion of the price change, so as to ensure the smooth progress of the bankruptcy procedure of Yutai company, so as to realize the unity of the legal effect and social effect of the case.

At the meeting, the administrator made a "report on the phased work of the performance of his duties" and "a report on the verification of claims submitted to the second meeting of creditors", and submitted to the meeting of creditors for consideration and voting to adopt the "bankruptcy property change price plan" and "bankruptcy property distribution plan".

As a real estate development enterprise, the bankruptcy of Yutai Company involves the interests of financial institutions, investors, builders, demolished people, property buyers and many other subjects. The contradictions of all parties are relatively concentrated and prominent, the case is complex, and the social impact is great. Based on the principles of law and regulations, diligence and due diligence, the administrator protects the legitimate rights and interests of all parties, coordinates conflicts of interest of all parties, actively resolves conflicts and disputes in bankruptcy liquidation, properly handles historical issues, and strives to maintain social stability.

The smooth convening of this meeting will effectively promote the effective disposal of the assets of bankrupt enterprises in accordance with the law and safeguard the legitimate rights and interests of creditors to the maximum extent. The follow-up manager will continue to perform his duties, overcome difficulties, and work under the supervision of the court and creditors. The administrator will realize the bankruptcy property as soon as possible in accordance with the "bankruptcy property price change plan" approved by the creditors, try his best to maximize the value of the bankruptcy property, and distribute it in accordance with the "bankruptcy property distribution plan" after the completion of the price change, so as to ensure the smooth progress of the bankruptcy procedure of Yutai company, so as to realize the unity of the legal effect and social effect of the case.