Suit n° HCB/22M/11, Tourism Promoters Savings and Loans Cooperative Finance Plc (TROPOC) c/ All Creditors of TROPOC (Micro Business)
High Court of Mezam Décision du 12/12/2012
Procédures Collectives - Règlement Préventif - Suspension Des Poursuites - Désignation D'un Expert - Course Des Intérêts - Suspension Des Dettes Et Des Recouvrements
Collective Proceedings - Preventive Settlement - Suspension Of Lawsuits - Appointment Of Auditor - Continuation Of Interest - Suspension Of Debts And Recovery - Application Granted
The President of the court was petitioned to order preventive settlement pursuant to section 6 of the Uniform Act on Collective Proceedings for Wiping Off Debts. As per section 8 of the said Uniform Act, as soon as the proposal for preventive composition agreement is lodged, it shall be forwarded forthwith to the President of the court of competent jurisdiction who shall take a decision to suspend individual lawsuits and appoint an expert to prepare him a report on the economic and financial situation of the company, the prospects for redress considering the deadlines and cancellations granted or liable to be granted by the creditors and any other measures contained in the preventive composition agreement proposals.
Article 6 Aupcap
Article 11 Aupcap
Article 15 Aupcap
Sections 6, 11 And 15 Uacp
