Search

District court allowed control of creditors over the debtor's expenses

... and the lack of a current estimate of expenses impeded the control over the funds spending. The court of first instance established that the creditors' committee was formed from representatives of the tax service, which was the main creditor of the debtor. At the same time, it was in no hurry to take an active part in voting on the approval of the disputed cost estimate. In such a situation, the court considered it possible to transfer the issue of approving the estimates to the meeting of the debtor's creditors. However, later this decision was canceled by the court of appeal, which indicated that the ...

Sorted by relevance | Sort by date