Has Zhuo Da started the second batch of refunds?

Has Zhuo Da started the second batch of refunds?

As far as I know, the second batch of refunds in Zhuo Da has not yet started. However, Zhuo Da Group has announced the refund plan and indicated that it will carry out the refund work step by step according to the plan. The specific refund schedule and related details may be adjusted due to various factors. It is suggested that you pay attention to official website of Zhuo Da Group or consult relevant institutions for the latest information.

The legal basis for the bankruptcy reorganization of Zhuo Da Group is the Enterprise Bankruptcy Law of the People's Republic of China. The law stipulates the conditions, procedures and specific implementation methods of bankruptcy reorganization.

According to the provisions of the Enterprise Bankruptcy Law of the People's Republic of China, if an enterprise as a legal person is unable to pay off its debts due, and its assets are insufficient to pay off all its debts or obviously lack solvency, the people's court shall accept the debtor's application for bankruptcy liquidation on the grounds of bankruptcy liquidation according to law. In addition, the law also stipulates the specific procedures and implementation methods of bankruptcy reorganization, including debtor's application, creditor's objection, debtor's consultation with creditors, court ruling and other steps.

In the bankruptcy reorganization of Zhuo Da Group, it will operate in accordance with the relevant provisions of the Enterprise Bankruptcy Law of the People's Republic of China. First of all, Zhuo Da Group needs to file an application for bankruptcy reorganization with the court and submit relevant materials. The court will examine the assets and liabilities of Zhuo Da Group to determine whether it meets the conditions of bankruptcy and reorganization. If it meets the requirements, the court shall appoint an administrator to organize creditors and debtors to formulate bankruptcy reorganization plans through consultation. Finally, the court will decide whether to approve the bankruptcy reorganization plan according to the negotiation results.

It should be noted that the bankruptcy reorganization of Zhuo Da Group also needs to comply with other relevant laws and regulations, such as People's Republic of China (PRC) Contract Law and People's Republic of China (PRC) Property Law. At the same time, in the process of bankruptcy reorganization, the legitimate rights and interests of creditors and debtors should be protected to ensure the smooth progress of bankruptcy reorganization.

To sum up, the second batch of refunds in Zhuo Da has not yet started, but there is a preliminary plan, and the specific refund time and related details may be adjusted due to various factors. Therefore, it is recommended that you pay attention to the official website of Zhuo Da Group or consult relevant institutions for the latest information.

Legal basis:

According to the Contract Law of People's Republic of China (PRC), both parties to the contract shall perform their contractual obligations as agreed, and shall not change or terminate the contract without authorization. If a party to a contract fails to perform its contractual obligations as agreed, it shall bear the corresponding liability for breach of contract. Take Zhuo Da Group as an example. If Zhuo Da Group fails to fulfill the refund obligation as agreed, investors have the right to ask Zhuo Da Group to bear the corresponding liability for breach of contract. At the same time, if Zhuo Da Group commits fraud, false propaganda and other acts, investors can also report to relevant departments to safeguard their legitimate rights and interests.