Article 135. Consequences of Issuing Ruling on Transition To Settlements With Creditors

On insolvency (LRU-763-son) · Date: 12.04.2022 · In force

The issuance of a ruling by the court on the transition to settlements with creditors shall be the basis for the commencement of settlements with all creditors in accordance with the register of creditors' claims.

In the court ruling on the transition to settlements with creditors, the term for the end of settlements with creditors shall be established, which may not exceed six months from the date of issuance of the said ruling.

Proceedings on the insolvency case shall be terminated after the end of settlements with creditors and the consideration by the court of the report of the external manager on the results of settlements with creditors.

If settlements with creditors are not made within the period established by the court, the court shall decide on declaring the debtor bankrupt and initiating liquidation proceedings.

Open in the readerWith colour highlights, notes, search and a test on the selected text.

All articles of the lawThis article in other languages:ru uz

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 135. Consequences of Issuing Ruling on Transition To Settlements With Creditors On insolvency (LRU-763-son). neolex.uz/en/laws/law-5957616/135 (lex.uz/docs/6352957)