Article 95. Procedure for Introducing Judicial Rehabilitation Procedure

The judicial rehabilitation procedure shall be introduced by the court on the basis of the decision of the meeting of creditors, except for the cases provided for by paragraph three of Article 92 of this Law.

The court ruling on the introduction of the judicial rehabilitation procedure must indicate the term of the judicial rehabilitation procedure, contain the debt repayment schedule approved by the court, information about the persons who provided security for the fulfillment of obligations, the amount and forms of such security, the appointment of the rehabilitation manager and the amount of their remuneration.

A court ruling on the introduction of judicial rehabilitation may be appealed (protested against). An appeal (protest) against this ruling shall not suspend its execution.

The procedure of judicial rehabilitation shall be introduced for a period not exceeding twenty-four months.