Article 112-8. Initiation of bankruptcy proceedings after the cancellation of the court ruling on the approval of the settlement agreement or the termination of the settlement agreement The Law on Rehabilitation and Bankruptcy
1. Bankruptcy proceedings that have been terminated on the basis of a court ruling approving a settlement agreement are subject to initiation in the following cases::
1) cancellation of the court ruling on the approval of the settlement agreement;
2) the court's decision to terminate the settlement agreement.
2. The court that has decided to cancel the court's ruling on the approval of the settlement agreement or on the termination of the settlement agreement must indicate in the judicial act on the initiation of bankruptcy proceedings.
3. The bankruptcy procedure is carried out in accordance with the procedure established by Chapter 6 of this Law.
4. The interim manager is obliged to hold the first creditors' meeting no later than twenty working days from the date of the issuance of the judicial act on the initiation of bankruptcy proceedings.
The Law of the Republic of Kazakhstan dated March 7, 2014 No. 176-V SAM.
This Law regulates public relations arising from the debtor's inability to satisfy creditors' claims in full, establishes the grounds for applying debt restructuring procedures, rehabilitation procedures and declaring the debtor bankrupt, liquidating the debtor without initiating bankruptcy proceedings, and also defines the procedure and conditions for their conduct.
President
Republic of Kazakhstan
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