Article 57. Grounds for Terminating Insolvency Proceedings

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

The court shall terminate the insolvency proceedings in case of:

restoration of the debtor's solvency in the course of the judicial rehabilitation procedure;

restoration of the debtor's solvency in the course of the external management procedure;

conclusion of a settlement agreement;

refusal of all creditors participating in the insolvency case from the declared claims;

satisfaction of all claims of creditors included in the register of creditors' claims in the course of any insolvency procedure.

The court may terminate the insolvency proceedings in other cases in accordance with the law.

The judicial manager within three working days from the date of issuance of the court ruling on termination of the proceedings on the insolvency case shall notify the state tax authorities of this ruling in writing.

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Source of the text

National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/6352957

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Cite as: Article 57. Grounds for Terminating Insolvency Proceedings On insolvency (LRU-763-son). neolex.uz/en/laws/law-5957616/57 (lex.uz/docs/6352957)