Notice xem bóng đá trực tiếp nhà cái lessons learned from commercial business cases on credit contracts

1. Content xem bóng đá trực tiếp nhà cái the court

On May 13, 2016, Asia Commercial Joint Stock Bank - Quang Binh Branch (Bank for short) signed with Vinh Thang Company Limited (Company for short) 03 credit contracts and was disbursed with a total amount xem bóng đá trực tiếp nhà cái 3,520,000,000 VND. These loans are secured by the following security measures:

+ Property mortgage contract No. QBI.BDDN.

07.220415 signed between Mr. H Cong Đ, Ms. Pham Thi Q with the Bank on April 27, 2015, mortgaged the land use right at the land plot No. 19, map sheet No. 52 in Dong P Ward, Dong D City, Quang Binh Province under the ownership xem bóng đá trực tiếp nhà cái Mr. H Cong Đ and Ms. Pham Thi Q under the Certificate xem bóng đá trực tiếp nhà cái Land Use Rights No. 347176 issued by the People's Committee xem bóng đá trực tiếp nhà cái Dong D Town on December 4, 2003.

+ Property mortgage contract No. QBI.BDDN.03.050314 dated March 11, 2014, it is possible to accept the land use right at the land plot No. 15, map sheet No. 15 in Hai D ward, D city under the ownership xem bóng đá trực tiếp nhà cái Mr. Le Quang C and Mrs. Tran Thi H under the Certificate xem bóng đá trực tiếp nhà cái Land Use Right No. AC 186571 issued by the People's Committee xem bóng đá trực tiếp nhà cái D city on August 9, 2005.

+ Guarantee deed xem bóng đá trực tiếp nhà cái Mr. Le M and Mrs. Tran Thi H guarantee all debt repayment obligations xem bóng đá trực tiếp nhà cái the creditor with the Bank.

The process xem bóng đá trực tiếp nhà cái implementing credit agreements. The Company is in breach xem bóng đá trực tiếp nhà cái its commitment to repay its debts. Therefore, on August 20, 2018, the Bank initiated a lawsuit requesting the Court to settle:

- Forcing the Company to pay the Bank the total outstanding balance as xem bóng đá trực tiếp nhà cái December 16, 2019 is VND 4,849,554,305 (including principal xem bóng đá trực tiếp nhà cái VND 3,520,000,000; interest in the term xem bóng đá trực tiếp nhà cái VND 918,102,657; overdue interest xem bóng đá trực tiếp nhà cái VND 375,579,965; late payment interest xem bóng đá trực tiếp nhà cái VND 35,871,683).

- If the Company fails to perform or improperly performs the obligation to repay the debt, the competent agency shall dispose xem bóng đá trực tiếp nhà cái the mortgaged collateral to recover the debt.

2. The process xem bóng đá trực tiếp nhà cái settlement xem bóng đá trực tiếp nhà cái cases

The first-instance judgment 27/2019/KDTM-ST dated December 16, 2013 xem bóng đá trực tiếp nhà cái the People's Court xem bóng đá trực tiếp nhà cái D city, Quang Binh province decided:

“1. Accept a portion xem bóng đá trực tiếp nhà cái the ACB Bank's lawsuit claim.

4. Not accepting the petition xem bóng đá trực tiếp nhà cái the Bank, on the request for realization xem bóng đá trực tiếp nhà cái collateral xem bóng đá trực tiếp nhà cái Mr. Đ, Ms. Q to perform the obligation to repay the debt to the Company.

5. Accept the request xem bóng đá trực tiếp nhà cái the person with related rights and obligations who requests the independence xem bóng đá trực tiếp nhà cái Ms. Ha Thi Hai Y, declaring the Land use right mortgage contract No. QB1.NDN, 07, 2204 15 dated April 27, 2015 signed between the mortgagee Mr. H Cong Đ, Ms. Pham Thi Q; the mortgagee xem bóng đá trực tiếp nhà cái ACB Bank for the mortgaged property is land plot No. 19, map sheet No. 52, area 248.8m, in Dong P Ward, D City, Quang Binh Province under the Certificate xem bóng đá trực tiếp nhà cái Land Use Rights No. 347167 issued by the People's Committee xem bóng đá trực tiếp nhà cái D Town on December 4, 2003 named for Mr. H Cong Đ, Ms. Pham Thi Q is null and void."

Appellate Judgment No. 02/2020/KDTM-PT dated July 20, 2020 xem bóng đá trực tiếp nhà cái the People's Court xem bóng đá trực tiếp nhà cái Quang Binh province amending the first-instance judgment, adjudicating: Accepting the lawsuit petition xem bóng đá trực tiếp nhà cái ACB Bank, rejecting Ms. Ha Thi Hai Y's independent claim.

After the appellate trial, the person with related interests and obligations who has made an independent request is Mrs. Y who submits an application for consideration according to cassation procedures, the superior People's Procuracy in Da Nang shall issue a decision on cassation appeal against the above-mentioned appellate commercial business judgment and request the superior People's Court in Da Nang to conduct cassation trial xem bóng đá trực tiếp nhà cái the case in the direction xem bóng đá trực tiếp nhà cái annulment xem bóng đá trực tiếp nhà cái the appellate commercial business judgment and uphold the first-instance commercial business judgment.

In the Cassation Decision No. 21/2021/KDTM-GĐT dated November 30, 2021, the Judicial Committee xem bóng đá trực tiếp nhà cái the Superior People's Court in Da Nang decided to annul the entire Judgment No. 02/2020/KDTM-PT dated July 20, 2020 xem bóng đá trực tiếp nhà cái the People's Court xem bóng đá trực tiếp nhà cái Quang Binh province, upholding the Judgment No. 27/2013/KDTM-ST dated December 16, 2013 xem bóng đá trực tiếp nhà cái the People's Court xem bóng đá trực tiếp nhà cái D city, Quang Binh province.

3. Issues to be learned from

- The land use right certificate shows the land grant to the household xem bóng đá trực tiếp nhà cái Mr. Đ and Mrs. Q but when signing the mortgage contract with the bank, only Mr. Đ and Mrs. Q made, the other members did not sign, Mr. Đ is blind but when signing the mortgage contract there was only one witness; The appellate court still recognized the above mortgage contract.

- Mr. D and Mrs. Q signed a mortgage contract on land use rights only to secure a loan for Vinh Thang company; but when the appellate court decided to hold Mr. D and Mrs. Q responsible for paying more than the loan guaranteed by Mr. D and Mrs. Q if Vinh Thang company fails to pay the debt.

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