Wang Sicong's consumption is restricted again. Why is Wang Sicong restricted again
On the evening of November 20, a reporter from the Beijing News inquired about the China executive information disclosure network and found that Wang Sicong was no longer on the list of restricted consumers.
Previously, on October 12, Shanghai Jiading District People's Court issued a consumption restriction order with case No. (2019) Hu 0114 No. 4909. On August 12, 2019, the court filed a case of execution applicant Cao Yue's application for execution of other contract disputes of Shanghai Panda mutual Entertainment Culture Co., Ltd. because bear cat mutual entertainment failed to perform the payment obligations determined in the effective legal documents within the period specified in the execution notice, Wang Sicong, the legal representative, the main person in charge, the person directly responsible for affecting the performance of debts and the actual controller, shall not carry out high consumption and consumption behaviors that are not necessary for life and work.
Liu Anbang, a lawyer from Beijing Deheng Law Firm, told the Beijing news that previously, the people's Court of Jiading District of Shanghai issued a consumption restriction order against Wang Sicong. On the evening of November 20, according to the query of China executive information disclosure network, Wang Sicong was no longer on the list of consumption restriction personnel, which can explain that Wang Sicong's consumption restriction order has been cancelled Several provisions of the Supreme People's Court on restricting the high consumption of the person subjected to execution Article 9 during the period of consumption restriction, if the person subjected to enforcement provides a really effective guarantee or with the consent of the person applying for enforcement, the people's court may terminate the consumption restriction order; if the person subjected to enforcement has fulfilled the obligations specified in the effective legal document, the people's court shall timely terminate the consumption restriction order by notice or announcement within the scope of notice or announcement in Article 6 of these provisions.