December 28: A bankruptcy case was considered against the United Pharmacists Company



Sunday 08/December/2024 – 08:10 PM

The assessor of Case No. 26 of 2024 declaring the bankruptcy of the United Pharmacists Company said that the December 28 session was set to consider the case after the Bankruptcy Department indicated the rejection of requests for conciliation and mediation in Application No. 31 of 2024, and authorized the companies to file a bankruptcy case against United Pharmacists.

Considering the bankruptcy case of United Pharmacists

It was stated in the statement of claim that, according to the law, in the event of bankruptcy, every merchant is obligated, in accordance with the provisions of the Commercial Law, to keep commercial books if he stops paying his commercial debts as a result of the disruption of his financial business, and to declare the merchant’s bankruptcy based on his request or the request of one of the creditors or the public prosecution, and that the court may To declare bankruptcy on its own initiative.

The lawsuit demanded that the United Pharmacists Company be declared bankrupt, a joint stock company, commercial registry 28166, Cairo Investment, and that 11/1/2023 be set as a temporary date to stop paying debts, and that the members of the company’s board of directors be declared bankrupt. It demanded that one of the court judges be appointed as a bankruptcy judge, and that a bankruptcy trustee be appointed who is experienced and competent to receive the company’s funds. The bankrupt woman, managing it, collecting her rights, and paying her obligations, and assigning him to publish the summary of the ruling in a widely circulated and well-known daily newspaper and annotate it. In the commercial register and the movable guarantees register.

She added: Annotating the summary of the ruling before the group of creditors in each office is to register a property in which there is a property for the bankrupt company and notify the Public Prosecutor, the Central Bank, the General Authority for Financial Supervision, the Egyptian Stock Exchange, the Misr Clearing Company, the General Authority for Investment, the Chamber of Commerce, the Egyptian Medicine Authority, and the Ministry of Health of the ruling.

The lawsuit requested an order to place seals on all fixed and movable assets, headquarters, branches, stores, properties and real estate of the United Pharmacists Company and members of its Board of Directors, and an order to seize the members of the Board of Directors of the United Pharmacists Company and prevent them from leaving the country, concluding with the order to publish a summary of the bankruptcy ruling immediately after its issuance in one of the widely circulated daily newspapers. With the bankruptcy obligated to pay the expenses.

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