Tianjin Automation Instrument Factory No.4

基本信息

天津市自動化儀表四廠，Established in 1981, Tianjin Jinzhi State owned Capital Investment and Operation Member, located in Tianjin, is an enterprise mainly engaged in the manufacturing of instruments and meters. The registered capital of the enterprise is 9.9 million RMB.
Tianjin Automation Instrument Factory No. 4 applies for bankruptcy liquidation
Text of the document
Trial court: People's Court of Hexi District, Tianjin
Document type: Civil ruling
Case number: (2017) Jin 0103 Po 18
Court's viewpoint
The court believes that Tianjin Automation Instrument Factory No. 4 is suffering serious losses, with assets that cannot cover its debts, and is unable to repay its due debts in a continuous state. It is also unable to repay all its debts, which meets the bankruptcy conditions stipulated by law. As Tianjin Automation Instrument Factory No. 4 has no bankruptcy property to repay bankruptcy expenses, it should be declared bankrupt and the bankruptcy proceedings should be terminated. According to the provisions of Article 2 (1), Article 43 (4), and Article 107 of the Enterprise Bankruptcy Law of the People's Republic of China, the ruling is as follows:
Case outcome
1、 Declare Tianjin Automation Instrument Factory No.4 bankrupt.
2、 Terminate the bankruptcy proceedings of Tianjin Automation Instrument Factory No. 4, and the outstanding debts will no longer be settled.
This ruling shall come into effect from today.
May 9th, 2019