Metals News
Iron and steel capacity index blocked 30 million execution seconds cashed in
translation
15:36PM
The content below was translated by Tencent automatically for reference.

SMM News: recently, when the Sanshan District people's Court of Wuhu City, Anhui Province, carried out a dispute over the sale and purchase contract, the executive judge quickly attacked and seized the iron and steel production capacity index in the name of the person subject to execution in accordance with the law, and pinched the "key point" of the person subject to execution. On the same day, the person subject to execution fulfilled all his obligations of more than 3000 yuan.

As a property with transfer value owned by iron and steel enterprises, iron and steel production capacity index has recently become a property that can be carried out by the people's court in accordance with the law, which provides a new path for the implementation of the work.

In September 2015, a company in Wuhu signed a contract with an iron and steel company in Xuzhou to purchase 9800 tons of billet. After a company in Wuhu paid for the goods at the time agreed in the contract, an iron and steel company in Xuzhou has not fulfilled its shipping obligations. In March 2017, after mediation organized by the Sanshan District Court, the two sides reached an agreement, but an iron and steel company in Xuzhou still failed to comply with the mediation agreement. On May 24, 2019, the Sanshan District Court accepted the case of a company in Wuhu applying for the execution of a dispute over the sale and purchase contract of an iron and steel company in Xuzhou, with a target amount of more than 3000 yuan. On May 27, the executor provided the court with an announcement that the steel production capacity of a company in Xuzhou was being transferred. Executive judge Yu Honggan found that the day is the last day of the announcement, immediately set off for Nanjing, Jiangsu Province, the company is selling steel production capacity indicators to be seized.

This move directly pinched the "seven inches" of the person being executed. After learning that the court was trying to seal up the steel production capacity indicators it was selling, the executor immediately panicked and immediately contacted the executor to raise money to fulfill his obligations. At 4: 00 p.m. on the same day, the person subject to execution paid all the execution money and the execution fee of the case, and the execution case, which was carried out with a target amount of more than 3000 yuan, was successfully concluded.

 

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