Recently, the Civil Judgment Enforcement Department of Cai Rang District (Can Tho City) issued a Decision on compulsory seizure and handling of assets against Mai Linh Tay Do Joint Stock Company, located at No. 83, Ly Thai To, Hung Phu Ward, Cai Rang District.
The seized assets are the passenger expressway named MAI LINH EXPRESS, 40 m long, more than 10 m wide, with a total engine capacity of 3,220 KW, built in 2019. The company is prohibited from transferring or transferring ships until the judgment is enforced or there is another decision from the judgment enforcement agency.
According to Judgment No. 60/2024/DS-ST, Mr. M.T (born in 1983, Co Do District, Can Tho City) sued Mai Linh Tay Do Joint Stock Company for violating a loan contract.
This verdict clearly stated that due to acquaintances, Mr. M.T lent Mai Linh Tay Do Joint Stock Company 1 billion VND, from August 14, 2023 to December 31, 2023, at an interest rate of 12%/year.
However, Mai Linh Tay Do Joint Stock Company did not repay principal and interest as committed. After being sued, this unit paid Mr. M.T 200 million VND, divided into 3 installments.
The verdict also said that despite being summoned several times, there was still a lack of reason.
It is known that the MAI LINH EXPRESS ship has been operating the Can Tho City - Con Dao (Ba Ria - Vung Tau province) waterway passenger transport route since 2021. However, the ship has been suspended many times, then resumed operations in 2022, 2024 and has continued to be suspended until now.
