1441 - 47 - Muharram

Type:	Judgment
Judgment number:	16487
Date:	1441-01-16
Source:	Commercial Court
Summary:	By AI The case concerns the claim of Esna Global Training Center, represented by Nayef bin Mohammed Al-Salem, to initiate liquidation proceedings due to adverse economic conditions. The Commercial Court in Riyadh decided to reject the liquidation request and to open administrative liquidation proceedings, appointing a bankruptcy committee to manage the process. The company, which has ceased operations and has debts amounting to 23 riyals, is suffering from significant losses and does not possess suffi...

Type:

Judgment

Judgment number:

16487

Date:

1441-01-16

Source:

Commercial Court

Summary:

By AI

The case concerns the claim of Esna Global Training Center, represented by Nayef bin Mohammed Al-Salem, to initiate liquidation proceedings due to adverse economic conditions. The Commercial Court in Riyadh decided to reject the liquidation request and to open administrative liquidation proceedings, appointing a bankruptcy committee to manage the process. The company, which has ceased operations and has debts amounting to 23 riyals, is suffering from significant losses and does not possess suffi...