Defaults

  • Munkhbaatar

    Was in our office on 23rd dec. Met with E. Officer and Mandakh. Suggestion for him to transfer the proeprty and give him 6 months

    Pros and cons of property transfer

    Advantages
    - It  seems on paper, we could get an agreement now, and therefore have no more delays, i.e. no more court cases etc

    Disadvantages
    On the structure:
    - Holding property as security for financing arrangements is not legal. It could be disputed.
    - If it is disputed, and a court rules its not legal, the collateral will be transfered back to munkhbaatar, then we are at risk of losing the collateral
    - If he disputes it, it could take more years in court

    Eviction:
    - If  he doesnt pay within 6 months, we still have to evict, and he can dispute at court = more years in court

    Summary
    - We are at the end of the enforcement process now. I assume he has no ability to continue to dispute it in court. Therefore the enforcement office can finish this case in 2-3 months
    - If munkhbaatar wanted to make a special arrangement, he should have done it within the first year of this process, not within the last 2-3 months
    - The goal is to resolve this 1) safely 2) as soon as possible. 
    - For the record, I have NO sympathy for Munkhbaatar, he has already had approximately 40 months and it is still not resolved. He is delaying because its interest free, if there was interest, even at a reduced rate, he would have already found a way to pay.


    аар Oliver Thirlwall - 03:32 - 13 12-р сар 2021
  • Tsetsgee

    She has filed a court case because the valuation of the final auction was in 2019, the valuation was more than 6 months. So this can go round and round forever. We need to get the buyer to complain and demand the property be transferred to him. And we need to get more of our money


    аар Oliver Thirlwall - 03:30 - 13 12-р сар 2021
  • Re: Defaults

    I contacted Mandakh lawyer. Munkhbaatar is not found. The court can't find him. Not yet haven't any SC. Our goal is to meet him.


    аар Т.Сарангэрэл - 05:43 - 15 10-р сар 2021
  • @sarangerel

    When did munkhbaatars case go to supreme court. 
    DO we know when the case will be heard at SC?


    аар Oliver Thirlwall - 05:31 - 15 10-р сар 2021
  • Re: Defaults
    Sarangerel хэрэглэгч Хурцбилэг харилцах хаягыг #Defaultsсувагт нэмлээ

    аар Khurtsbileg - 08:23 - 2 9-р сар 2021
  • Re: Defaults
    Sarangerel хэрэглэгч Энэрэл харилцах хаягыг #Defaultsсувагт нэмлээ

    аар Энэрэл - 08:23 - 2 9-р сар 2021
  • Re: Defaults
    Sarangerel хэрэглэгч Tugsjargal Narangerel харилцах хаягыг #Defaultsсувагт нэмлээ

    аар "Tugsjargal Narangerel" <tugsjargal@welend.mn> - 09:41 - 19 8-р сар 2021
  • Re: Defaults
    Sarangerel хэрэглэгч Otgonchimeg харилцах хаягыг #Defaultsсувагт нэмлээ

    аар P.Otgonchimeg - 09:41 - 19 8-р сар 2021
  • 2019-05-50 Jansten. If 267k not recieved on 30th get EO paper.

    2019-05-50 Jansten. If 267k not recieved on 30th get EO paper.


    аар Oliver Thirlwall - 06:36 - 24 7-р сар 2021
  • Re: Defaults

    okay


    аар Ganbaatar - 01:24 - 10 6-р сар 2021
  • @ganbaatar

    Sue Tsogbaatar 2019-0450


    аар Oliver Thirlwall - 08:15 - 8 6-р сар 2021
  • Re: Defaults

    3. 2020-0413 Purevsuren. Sue
    1. 2020-06-05. Solongo. Will pay with first half salary


    аар Oliver Thirlwall - 09:04 - 14 5-р сар 2021
  • 2019-04-09 Zorig. go to home to check addr on monday

    2019-04-09 Zorig. go to home to check addr on monday
    2019-04-50 find out if registered at khoroo
    2019-05-50 Jantsen. Sue


    аар Oliver Thirlwall - 08:08 - 14 5-р сар 2021
  • Re: Defaults

    Understand. If he does not receive court documents, we can request a decision to search for a court order. His interest in the loan will continue to be calculated.


    аар Ganbaatar - 02:25 - 9 4-р сар 2021
  • @ganbaatar 8 April - filed against Khosbayar. He can have 2 weeks after lockdown to accept the case. Lockdown ends 26 April, he has until 10 May.


    аар Oliver Thirlwall - 02:13 - 9 4-р сар 2021
  • created #Defaults

    аар Oliver Thirlwall - 02:11 - 9 4-р сар 2021