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1. A sales contract concluded on November 20, 2012 between the Defendant and B on real estate stated in the separate sheet shall be revoked.
2...
Reasons
1. The following facts do not conflict between the parties or may be acknowledged by taking into account the following facts: Gap evidence 1-1-4, Gap evidence 3, and 6-1, 2, Gap evidence 4, 5, 7, 8, 9, Eul evidence 17, the results of the order to submit taxation information and the whole purport of pleadings to the head of Gwangju Metropolitan City, Gwangju Metropolitan City.
C A. On July 11, 201, the National Agricultural Cooperative Federation (the Plaintiff was established after being divided into March 2, 2012), set the base interest rate of MOR (market procurement interest rate) 6.09% and due date of payment on July 12, 2012, and obtained a maximum of KRW 3.5 billion. On November 17, 2011, a limited amount of KRW 3.5 billion was set at MOR base rate of 4.75% and added a limit of KRW 3.5 billion to the above limit loans (the repayment period of the above limit loans was extended until July 12, 2014). B, the representative director of C, on November 17, 2011, guaranteed the extended limit loans up to KRW 7.8 billion.
B. C received a loan of KRW 3 billion from the Plaintiff on June 18, 2012, and B guaranteed the remainder of the loans up to KRW 3.6 billion on the same day.
C. On March 27, 2013, C filed an application for rehabilitation with the Gwangju District Court, thereby losing the benefit of all obligations of the Plaintiff pursuant to Article 7(1)3 of the Plaintiff’s Basic Terms and Conditions of Credit Transactions (for corporate use).
As of July 11, 2013, the amount of loans extended to the Plaintiff Co., Ltd. is KRW 6,568,336,715 (i.e., principal and interest of KRW 6,346,297,078) (i.e., principal and interest of KRW 222,039,637), and KRW 3,108,838,097 (i.e., principal and interest of KRW 3,000,000,000,000) plus KRW 108,838,097 (i.e., interest of KRW 3,00,000,000), and KRW 9,67,174,812 (i.e., KRW 6,568,36,715, 108,838,097).
C. B, on November 20, 2012, entered into a sales contract with the Defendant, who is his/her own punishment, and the real estate listed in the separate sheet (hereinafter “instant real estate”) with the Defendant for sale of at least KRW 500 million (hereinafter “instant sales contract”), and on December 31, 2012, with respect to the said real estate to the Defendant.