On May 5, the People's Court of Yuzhong County, Lanzhou City, chaired the first creditors'meeting of the bankruptcy case of Gaoya Jincheng Cement Co., Ltd. Members of the collegial panel, bankruptcy administrators, creditors, legal representatives of debtor companies, senior executives and staff representatives attended the meeting, and more than 20 organs and units, such as the County People's Congress, the County Government, the County Political Consultative Conference, the Finance Bureau, the Industry and Information Bureau, the Letters and Visits Bureau, the Social Security Bureau and the Gaoya Town Government, were invited to attend the meeting.
Gansu Gaoya Jincheng Cement Co., Ltd. was established in 1980 with a registered capital of 14.5894 million yuan. It has a 1000t/d precalcining rotary kiln production line outside the kiln, which has been transferred to Guangxi Xindongyun Cement Co., Ltd. to build a 5000t/d clinker cement production line. At present, it has been transferred out and is to be demolished. In the early stage of the
meeting, it was notified through the announcement of the National Enterprise Bankruptcy Reorganization Information Network, telephone, newspaper and other means, and actively consulted and communicated with the administrator and relevant personnel on the matters involved in the meeting, so as to ensure that the meeting can achieve the desired objectives. At the meeting, the presiding judge read out the acceptance and trial of the bankruptcy case, and the bankruptcy administrator, Gansu Herui Law Firm, explained the property status, suspension of business, property management plan and creditor's rights of the debtor, Gansu Gaoya Jincheng Cement Co., Ltd. Subsequently, the creditors with voting rights voted on the Report on the Debtor's Property Management Plan and the Explanation on the Debtor's Cessation of Business on the spot, and the people's court announced the voting results and read out the decision on appointing the chairman of the creditors'meeting. The efficient and orderly convening of the
creditors' meeting is conducive to safeguarding the common interests of creditors, realizing the creditors' right to participate in bankruptcy proceedings, and protecting the legitimate rights and interests of enterprises and employees, which is the need to improve the bankruptcy supervision mechanism and lays a good foundation for the smooth follow-up work of bankruptcy cases.
In the future, Yuzhong Court will base itself on the reality of trial and execution, always combine handling bankruptcy cases with optimizing business environment and maintaining social and economic stability, continuously strengthen responsibility and update judicial concepts, constantly improve the level of institutionalization, specialization and informatization of bankruptcy trial, and comprehensively improve the quality and effectiveness of bankruptcy trial. We should take the initiative to create stability, actively safeguard people's livelihood rights and interests, relieve difficulties for enterprises, strive to create a fair, transparent and predictable legal business environment, and provide strong judicial services and guarantees for promoting sustained, healthy and coordinated economic and social development.
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