Jiangsu one packaging color printing factory took back ten million arrears after four years

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Beijing News

Lead: On January 2, 2019, Gansu Huangtai Liquor Co., Ltd. received an “Executive Ruling” to enforce the maturity claims of Gansu Huangtai Color Printing and Packaging Factory in Wuxi City, Jiangsu Province. 13,622,884.04 yuan. Since the Huangtai liquor industry has not paid the purchase price to the color printing and packaging factory since 2015 and has repeatedly defaulted, the court finally decided to enforce the liquor company's debt repayment.

The court enforced the Huangtai liquor industry to repay tens of millions of debts to the color printing and packaging factory

On January 2, 2019, Gansu Huangtai Liquor Co., Ltd. (hereinafter referred to as "the company") received the "Executive Ruling" delivered by the People's Court of Xishan District, Wuxi City, Jiangsu Province to the company by express delivery. In the case of the People’s Court of Xishan District, Wuxi City, Jiangsu Province, in the case of the dispute between Meng Jinquan and Wuxi Meilin Color Printing and Packaging Factory and Wu Meilin’s private lending dispute, the executed person Wuxi Meilin Color Printing and Packaging Factory was unable to pay off the debt, but the company enjoyed the due debt, the court The company (third party) was served with a notice of performance of the debt due. The company (third party) has not fulfilled its obligations in accordance with the time limit for the court to perform the due debt notification, in accordance with Articles 64 and 65 of the Supreme People's Court on Several Issues Concerning the Implementation of the People's Court (Trial). The provisions of Article 501, paragraph 3 of the People's Court on the Application of the Interpretation of the Civil Procedure Law of the People's Republic of China, the ruling: enforcement of the enforced person Wuxi Meilin Color Printing and Packaging Factory to the third person Gansu Huangtai The company’s due debt is 13,622,884.04 yuan.

Huangtai liquor has repeatedly defaulted on the color printing factory for up to four years.

The dispute between Gansu Huangtai Wine Industry and Wuxi Meilin Color Printing and Packaging Factory can be traced back to 2015. In September 2015, Wuxi Meilin Color Printing and Packaging Factory sued Huangtai Liquor Industry to the Intermediate People's Court of Wuwei City, Gansu Province. The reason was that from May 28, 2013 to April 30, 2015, Wuxi Meilin Color Printing and Packaging Factory was emperor. Taiwanese wine industry provided a total of 34,777,806 yuan in packaging, Huangtai wine industry only paid 18,750,280 yuan in goods, and still owed money of 160,275,626 yuan.

On May 13, 2015, Huangtai Wine Industry issued a payment commitment letter to Wuxi Meilin Color Printing and Packaging Factory, and promised to pay 13.72 million yuan before August 30, 2015. In September 2016, Wuxi Meilin Color Printing and Packaging Factory took it to court because Huangtai Wine Industry did not pay the arrears.

On December 23, 2016, the first instance of the case ruled that Huangtai Liquor paid the above amount, and then Huangtai Liquor refused to accept the judgment and appealed. During the appeal process, both parties confirmed that Huangtai Wine Industry owed a total of 16,434,154.50 yuan to Wuxi Meilin Color Printing and Packaging Factory. The two parties settled the specific repayment matters, and Wuxi Meilin Color Printing and Packaging Factory withdrew the lawsuit. However, after the settlement, Huangtai Liquor did not pay the balance according to the settlement after paying 2.32 million yuan. In July 2018, the Intermediate People's Court of Wuwei City of Gansu Province sentenced Huangtai Wine Industry to pay RMB 14,114,154.50 to Wuxi Meilin Color Printing and Packaging Factory.

Regarding the possible impact of the implementation of the repayment, Huangtai Liquor Industry said that according to the Wuxi Meilin Color Printing and Packaging Factory issued by the Higher People's Court of Gansu Province, the company should accrue the estimated liabilities of 15,205,094.42 yuan. Among them, the estimated liabilities at the end of 2017 are 10,125,154.50 yuan, and the estimated liabilities are 5,097,993.92 yuan in 2018. This "executive ruling" does not affect the company's current profit or future profits.

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