The creditor in Pan Sutong's bankruptcy case again sought payment from the bank and took back the Mid-Levels unit

Shanghai Commercial Bank Co., Ltd. filed a lawsuit in court accusing Pan Sutong and Chariot Power Investments Limited of failing to repay debts. The plaintiff claimed that on January 14, 2020, Pan Sutong and Chariot Power Investments Limited failed to pay their debts, causing Shanghai Commercial Bank Co., Ltd. to suffer losses.

court hearing

During the court hearing, the plaintiff submitted relevant evidence to prove that Pan Sutong and Chariot Power Investments Limited failed to repay the loan on time. The defendant put forward a defense, claiming that there were reasonable grounds for failing to pay its debts.

court decision

After a trial, the court ruled that Pan Sutong and Chariot Power Investments Limited need to repay the arrears to Shanghai Commercial Bank Co., Ltd. The court required the defendants to pay within a certain period, otherwise they would face legal sanctions.

Execute program

In order to recover the arrears, Shanghai Commercial Bank Co., Ltd. has launched enforcement procedures. They will take all necessary steps, including tracing the defendant's property, to ensure the debt is repaid.

Mid-levels unit

It is reported that the Mid-Levels Central unit involved is located in Room B, 27th Floor, Tower 1, Fortune Plaza, 2 Bowen Road. This is an upscale residential area that has attracted social attention.