The first creditors' meeting of the bankruptcy liquidation case of Cenxi New Ball Ceramics Co., Ltd., undertaken by Tongwang (Wuzhou), was successfully held.
Time:
2023-12-26
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The first creditors' meeting of the bankruptcy liquidation case of Cenxi Xin Jianqiu Ceramics Co., Ltd. (hereinafter referred to as "Xin Jianqiu Company"), with Tongwang (Wuzhou) serving as the bankruptcy administrator Creditors' Meeting was successfully held at the Cenxi People's Court on the morning of December 21, 2023.
As Xin Jianqiu Company was unable to pay off its due debts and was insolvent, the Cenxi People's Court ruled to accept the bankruptcy liquidation case of Xin Jianqiu Company on October 12, 2023, and designated Guangxi Tongwang (Wuzhou) Law Firm as the bankruptcy administrator of Xin Jianqiu Company.
Since accepting the designation by the Cenxi People's Court to become the administrator, Tongwang (Wuzhou) has actively performed its duties diligently under the supervision and guidance of the People's Court, comprehensively investigated and verified the debtor's assets and liabilities, and maximized the protection of creditors' interests.
More than 50 representatives, including members of the collegial panel of the Cenxi People's Court, creditor representatives, administrators, and debtor representatives, attended the creditors' meeting. At the meeting, the collegial panel read out the ruling on acceptance of the bankruptcy case and the decision on designating the administrator, and designated the chairman of the creditors' meeting and the employee representatives of the creditors. The administrator gave a periodic work report on the recent case handling, explained the "Bankruptcy Property Management Plan" and the "Bankruptcy Property Disposal Plan", and submitted them to the creditors' meeting for voting. All the above proposals were approved by the creditors' meeting, and the meeting successfully completed all the agenda items.
In the future, the bankruptcy lawyer team of Tongwang (Wuzhou) will earnestly perform the duties of the bankruptcy administrator, give full play to its professional advantages, and, under the supervision and guidance of the Cenxi People's Court, actively carry out various administrator tasks in accordance with the "Bankruptcy Law of the People's Republic of China" and other relevant laws and regulations, safeguard the legitimate rights and interests of all parties, and promote the smooth completion of the bankruptcy liquidation of Xin Jianqiu Company.
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