Liabilities of more than 500 million yuan, this company "breaking cocoon rebirth"!Hanyang District Court helps "revitalize" funds

Changjiang.com (Correspondent He Ouyang Chen Yali Reporter Zang Shiqin) On June 21, the reporter learned from the Hanyang District Court that recently, the reorganization plan of a coal sales Co., Ltd. with a liabilities of more than 550 million yuan was approved. By this "rebirth of cocoons", the case is the first bankruptcy reorganization case in which the Hanyang District Court of Wuhan City, Hubei Province.

It is reported that the coal sales company was established in 2003. Due to the investment errors in the development of the enterprise in recent years, the company has a broken capital chain and difficulty in operating. In March 2019, due to the unable to pay the payment, bank borrowing, employee salary, etc., the creditors applied for by the creditors, and the Hanyang Court ruled that its bankruptcy and liquidation were approved by the creditors, the manager's cleanup and review, etc., and finally determined that the company involved 550 million claims. Yu Yuan. The undertaking judge believes that the company still has the hope of activation, and some creditors are controversial to the amount of creditor's rights, and direct bankruptcy will harm the interests of the creditors.

Adhering to the concept of "rescue difficulties and rescue enterprises", the judge repeatedly works for the company's shareholders, and promotes a energy company as a strategic investor in the coal sales Co., Ltd. to inject reorganization. In order to promote the successful adoption of the reorganization plan, the team of judges organized a number of creditor meetings on the one hand. On the one hand, actively resolved the differences of each creditors 'group, coordinated the creditors' groups to concessions, and reduced the amount of claims; on the other hand Temporary claims give them voting rights to ensure the interests of all creditors to the greatest extent.

The voting of the reorganization plan adopted the rules of "one meeting and group voting". On May 12, the five creditor groups voted the draft reorganization plan. On June 9, the reorganization plan was approved, and investors will provide reorganization funds of not less than 50 million yuan to help enterprises restore their operations.

In order to truly realize the purpose of saving the company, the Hanyang Court giving full play to the function of the courtyard linkage mechanism, regularly reporting the progress of the case from the higher courts and relevant units at the district level, and putting forward specific opinions and suggestions on the formulation of the reorganization plan. In response to the issue of tax -related issues, equity changes and cancellation registration, and insurance cost guarantee in corporate bankruptcy disposal, establish a linkage cooperation mechanism with many units such as taxation, market supervision, and finance, respectively. Communication, interpretation and soothing work provides security guarantee for subsequent development.

In the next stage, the Hanyang Court will continue to coordinate the forces of all parties to ensure the successful implementation of the reorganization plan, effectively protect the legal rights of creditors, and accurately escort the development of enterprises.

[Profile Editor: Yin Yin]

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