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Industrial Bank is three months overdue and is being sued. What should I do?

You can negotiate first to see if the other party can withdraw the lawsuit. If the negotiation fails, you must actively respond to the lawsuit and repay according to the court's judgment. If you do not fulfill the court's judgment, you will be enforced by the court. In serious cases, you will refuse to perform. Judgment and verdict handling.

Legal Basis

Article 242 of the "Civil Procedure Law of the People's Republic of China" If the person subject to execution fails to perform the obligations specified in the legal document in accordance with the execution notice, the People's The court has the right to inquire from relevant units about the deposits, bonds, stocks, fund shares and other property status of the person subject to execution. The People's Court has the power to seize, freeze, transfer, and change the value of the property of the person subject to execution based on different circumstances. The property inquired, seized, frozen, transferred, and valuated by the People's Court shall not exceed the scope of the obligations that the person subject to execution shall perform. When the people's court decides to seize, freeze, transfer or change property, it shall make a ruling and issue a notice of assistance in execution, and the relevant units must handle it.

Article 145: Before the judgment is pronounced, if the plaintiff applies to withdraw the lawsuit, the People's Court shall decide whether to grant it or not.

If the People's Court decides not to allow the lawsuit to be withdrawn, and if the plaintiff refuses to appear in court without justifiable reasons after being summoned by subpoena, a default judgment may be made.

Article 313 of the Criminal Law of the People's Republic of China and the People's Republic of China: Anyone who is capable of executing the judgment or ruling of the People's Court but refuses to execute it, if the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than three years, Criminal detention or a fine; if the circumstances are particularly serious, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years, and shall also be fined. If a unit commits the crime in the preceding paragraph, the unit shall be fined, and the person directly in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.