The first debt creditors' meeting of the bankruptcy liquidation case of Jinan Foundry and Forging Machinery Research Institute was successfully held.
Published:
2021-04-22
At 9: 00 a.m. on Thursday, April 25, 2019, the first creditors' meeting of the bankruptcy liquidation case of Jinan Casting and Forging Machinery Research Institute Co., Ltd. (hereinafter referred to as "Casting and Forging Institute") was successfully held under the auspices of the people's Court of Changqing District, Jinan City.
On January 11, 2019, the Changqing District People's Court accepted the bankruptcy liquidation application of China Construction Bank Co., Ltd. Jinan Lixia Sub-branch against the Foundry and Forging Institute, and appointed the Institute as the administrator. After accepting the appointment, the Exchange diligently and faithfully performed its duties, took over the casting and forging Institute and properly managed its land use rights, real estate, inventory, equipment, patents and other properties, received nearly 400 creditor's rights declarations and completed the audit work, received more than 100 litigation case data and participated in the litigation on its behalf, collected more than 500 accounts receivable, investigated and reviewed the creditor's rights of employees, fully performed the duties of the administrator, and actively promoted the bankruptcy liquidation process.
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In view of the large number of creditors and scattered locations, in order to improve the quality and efficiency of creditors' meetings, save costs, and fully protect the rights and interests of creditors, the administrator fully demonstrated with the People's Court of Changqing District, Jinan City, in accordance with the Supreme People's Court's Information Disclosure of Enterprise Bankruptcy Cases Article 11 of the Regulations (Trial) (Law [2016] No. 19) stipulates that it is decided to adopt an online meeting to convene the first creditors' meeting.
After the full preparation of the bankruptcy collegial panel, the administrator and the information center, the network meeting was held in order. Representatives of administrators, audit institutions, evaluation institutions, legal representatives of debtor enterprises and employee representatives attended the meeting on site, and 315 creditors logged on to the online meeting port, attended the meeting online, and exercised their voting rights in the form of online voting. As of the closing of the voting channel, the number of actual creditors accounted for 91.54 per cent of the voting rights, and the amount of claims represented by actual creditors accounted for 99.15 per cent of the total amount of claims, reaching a high attendance rate.
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At the meeting, the creditors reviewed the "Manager's Periodic Work Report on the Execution of Duties", "Property Management Plan", "Property Valuation Plan", "Report on Submission to the Creditors' Meeting to Verify Creditor's Rights", "Audit Work Report", "Evaluation Work Report", etc. A number of proposals were voted and passed three proposals: "Property Management Plan", "Property Valuation Plan", "Proposal on the Establishment of Creditor Committee and Rules of Procedures, the creditors' committee was elected and established, and the court appointed Jinan Lixia Sub-branch of China Construction Bank Co., Ltd. as the chairman of the creditors' meeting, which achieved the expected goals of the meeting.
This is the fourth creditors' meeting successfully held on the Internet in the bankruptcy case of large enterprises undertaken by the Institute. The smooth convening of this meeting fully guaranteed the right to know, participate and vote of the creditors of the foundry, and was recognized and highly appraised by the collegial panel and creditors.
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As the first-level manager of the "Shandong Higher People's Court Enterprise Bankruptcy Case Administrator List", the firm's lawyers Li Ruzhi, Cao Xiaohe, Yao Huming, Xu Hui, Ma Shibin are listed as "individual managers". In recent years, he has accumulated a wealth of theoretical and practical experience in bankruptcy business, and has trained and trained a number of professional lawyers who are good at bankruptcy business, successively for Qixing Group Co., Ltd. and other 27 companies merger and reorganization case, Yangxin Eurasia Group Co., Ltd. and other 23 companies merger and reorganization case, Shandong Shengda Coating Materials Co., Ltd. and other five companies merger and reorganization case, Shandong Kong Fu Yan Co., Ltd. liquidation reorganization case, Jinan Sanchuan Ecotourism Development Co., Ltd. bankruptcy liquidation case, Shandong Bogda Real Estate Co., Ltd. bankruptcy liquidation case, Jinan Sunshine Real Estate Co., Ltd. The case provided legal services, it is the positive efforts made by the firm to play the role of lawyers, to implement the new concept of development in Shandong Province, to promote the transformation of new and old kinetic energy in Shandong Province, and to promote high-quality economic development. The Institute will continue to give full play to its service advantages of specialization, teamwork and standardization, actively undertake important and difficult bankruptcy cases in Shandong Province, focus on the center, serve the overall situation, have the courage to take responsibility, and contribute to the construction of a high-quality modern economic system.
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