On insolvency (LRU-763-son) · Date: 12.04.2022 · In force
In the event that the meeting of creditors decides to approve the external management plan, which provides for a period of the external management procedure that exceeds the originally established one, the court shall issue a ruling on the extension of the period of the external management procedure, if there are sufficient grounds to believe that the extension of the period of the external management procedure or the implementation of approved external management plan will restore the debtor's solvency. In this respect, the total period shall not exceed the periods established by Article 108 of this Law.
Source of the text
National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/6352957
The text is taken from lex.uz automatically and matches it in content: it is the same text, not a separate edition. It is given for educational and reference purposes and the content of the norms is not changed. It is not an official publication: for court, contracts and official answers check the current edition on lex.uz. About
About the site: NEOLEX (veoskill) is an educational project about the law of the Republic of Uzbekistan. It does not replace lex.uz; to the same texts it adds a separate address for every article, plain-word explanations, a glossary, tests and reading in three languages. Contact: Telegram @neovixar.
Cite as: Article 124. Extension of Period of External Management On insolvency (LRU-763-son). neolex.uz/en/laws/law-5957616/124 (lex.uz/docs/6352957)
