Edition:
India

Ursus Motion For Accelerated Arrangement Proceedings Is Rejected By Olsztyn Court


Friday, 24 Jan 2020 

Jan 24 (Reuters) - Ursus SA w restrukturyzacji ::SAID ON THURSDAY IT HAS RECEIVED OLSZTYN COURT'S DECISION REJECTING THE COMPANY'S MOTION TO OPEN ACCELERATED ARRANGEMENT PROCEEDINGS.COURT SAID ITS DECISION IS DUE TO THE LACK OF A FINALLY BINDING TERMINATION OF EARLIER ACCELERATED ARRANGEMENT PROCEEDINGS AND THE CONTINUATION OF SUCH PROCEEDINGS BEFORE THE COURT IN LUBLIN .THE COMPANY INTENDS TO TAKE ACTION SO THAT THE ONLY RESTRUCTURING PROCEEDINGS TAKING PLACE WITH REGARD TO THE COMPANY ARE THE ONES TO BE OPENED THROUGH THE FILING OF A NEW MOTION TO THE OLSZTYN COURT. 

Company Quote

0.616
-0.073 -10.60%
28 Feb 2020