Article 136. Consequences of Issuing Ruling on Commencement of Settlements with Creditors of Certain Priority
On insolvency (LRU-763-son) · Date: 12.04.2022 · In force
The issuance by the court of a ruling on the commencement of settlements with creditors of a certain priority shall be the basis for the commencement of settlements with creditors in accordance with the register of creditors' claims.
The court ruling on the commencement of settlements with creditors of a certain priority, shall establish the following:
queue for satisfying the claims of creditors whose claims are beginning to be satisfied;
term for the end of settlements with creditors of such a priority, which may not exceed two months from the date of issuance of the said ruling;
proportions of satisfying the claims of creditors of such a priority.
If the court establishes the claims of creditors to be satisfied as part of the queue, in respect of whose creditors a ruling has been issued on the commencement of settlements with them, the court shall have the right to issue a ruling on changing the order for satisfying the claims of creditors.
If, within the period established by the court, settlements with creditors of a certain priority are not made or settlements are not made in a certain proportion, the creditor shall have the right to demand accrual of interest on the unpaid sum in the amount provided for in Article 327 of the Civil Code of the Republic of Uzbekistan, from the date of issuance of a ruling on the commencement of settlements with creditors of a certain priority and until the date of repayment of their claim, respectively, in full or in a certain proportion.
