1441 - 98 - Jumada Al-Thani

Type:	Judgment
Judgment number:	10312
Date:	1441-06-25
Source:	Commercial Court
Summary:	By AI In the judgment issued by the Ninth Commercial Circuit of the Commercial Court in Riyadh, a financial reorganization was conducted for the debtor Hithal bin Saeed bin Mubarak Al-Dosari, with Mohammed bin Mahmoud Sadiq Sawwan appointed as the trustee. The proposal submitted by the debtor was voted on, but it was rejected by the creditors by 88%, resulting in the failure to achieve the required quorum according to Article 79 of the Bankruptcy Law. In the event that the quorum is not achieved, the ...

Type:

Judgment

Judgment number:

10312

Date:

1441-06-25

Source:

Commercial Court

Summary:

By AI

In the judgment issued by the Ninth Commercial Circuit of the Commercial Court in Riyadh, a financial reorganization was conducted for the debtor Hithal bin Saeed bin Mubarak Al-Dosari, with Mohammed bin Mahmoud Sadiq Sawwan appointed as the trustee. The proposal submitted by the debtor was voted on, but it was rejected by the creditors by 88%, resulting in the failure to achieve the required quorum according to Article 79 of the Bankruptcy Law. In the event that the quorum is not achieved, the ...