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Article 117Voidance Proceedings for a Compulsory Auction Based on Provision of a Guarantee

第百十七条(保証の提供による強制競売の手続の取消し)

If a document stated in Article 39, paragraph (1), item (vii) or (viii) has been submitted regarding the claim of an attaching obligee, and if, before any purchase offer, the obligor provides a guarantee equivalent to the total amount of the claims and enforcement costs of the attaching obligee and any obligees that have filed a demand for distribution by the time the obligor provides the guarantee (or by the deadline for a distribution demand, if the obligor is providing the guarantee after that deadline), the enforcement court, upon petition, must cancel the proceedings for the compulsory auction, other than proceedings for distribution or payment.

差押債権者の債権について、第三十九条第一項第七号又は第八号に掲げる文書が提出されている場合において、債務者が差押債権者及び保証の提供の時(配当要求の終期後にあつては、その終期)までに配当要求をした債権者の債権及び執行費用の総額に相当する保証を買受けの申出前に提供したときは、執行裁判所は、申立てにより、配当等の手続を除き、強制競売の手続を取り消さなければならない。

If a stay of enforcement based on submission of the document prescribed in the preceding paragraph has ceased to be effective, the enforcement court must implement distribution or payment of the guarantee that has been provided pursuant to the provisions of that paragraph to the obligees referred to in that paragraph. In this case, the enforcement court may reclaim any securities that have been deposited as provision of a guarantee.

前項に規定する文書の提出による執行停止がその効力を失つたときは、執行裁判所は、同項の規定により提供された保証について、同項の債権者のために配当等を実施しなければならない。この場合において、執行裁判所は、保証の提供として供託された有価証券を取り戻すことができる。

An appeal may be filed against a judicial decision to deny the petition referred to in paragraph (1).

第一項の申立てを却下する裁判に対しては、執行抗告をすることができる。

The provisions of Article 12 do not apply to an order under paragraph (1).

第十二条の規定は、第一項の規定による決定については適用しない。

The provisions of Article 15 apply mutatis mutandis to the provision of the guarantee referred to in paragraph (1) and the provisions of Article 78, paragraph (3) apply mutatis mutandis to a realization if the guarantee referred to in paragraph (1) has been provided by a method other than a statutory deposit of money.

第十五条の規定は第一項の保証の提供について、第七十八条第三項の規定は第一項の保証が金銭の供託以外の方法で提供されている場合の換価について準用する。

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