Article 7. Right to Apply To Court
On insolvency (LRU-763-son) · Date: 12.04.2022 · In force
The debtor itself and the creditor shall have the right to apply to the court to initiate insolvency proceedings against the debtor in connection with the failure to fulfill monetary obligations.
The debtor and the creditor may indicate in the application for initiation of insolvency proceedings the need to apply procedures for restoring the debtor's solvency or liquidation proceedings.
The debtor itself, the state tax authorities shall have the right to apply to the court with an application for initiation of insolvency proceedings against the debtor in connection with his failure to fulfill its duties on taxes and fees, as well as the authorized state body for insolvency cases and its territorial departments (hereinafter referred to as authorized state body) in relation to legal entities in the authorized capital (charter fund) of which there is a state share and (or) debt to the Republic of Uzbekistan for monetary obligations.
