SECTION 44 Registry of Claims Within twenty 20 days from his assumption into

Section 44 registry of claims within twenty 20 days

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SECTION 44. Registry of Claims. — Within twenty (20) days from his assumption into of:ce, the rehabilitation receiver shall establish a preliminary registry of claims. The rehabilitation receiver shall make the registry available for public inspection and provide publication notice to the debtor, creditors and stakeholders on where and when they may inspect it. All claims included in the registry of claims must be duly supported by sufficient evidence. DTEAHI SECTION 45. Opposition or Challenge of Claims. — Within thirty (30) days from the expiration of the period stated in the immediately preceding section, the debtor, creditors, stakeholders and other interested parties may submit a challenge to claim/s to the court, serving a certi:ed copy on the rehabilitation receiver and the creditor holding the challenged claim/s. Upon the expiration of the thirty (30)-day period, the rehabilitation receiver shall submit to the court the registry of claims which CD Technologies Asia, Inc. © 2017 cdasiaonline.com
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shall include undisputed claims that have not been subject to challenge. SECTION 46. Appeal. — Any decision of the rehabilitation receiver regarding a claim may be appealed to the court. (E) Governance. SECTION 47. Management. — Unless otherwise provided herein, the management of the juridical debtor shall remain with the existing management subject to the applicable law/s and agreement/s, if any, on the election or appointment of directors, managers or managing partner. However, all disbursements, payments or sale, disposal, assignment, transfer or encumbrance of property, or any other act affecting title or interest in property, shall be subject to the approval of the rehabilitation receiver and/or the court, as provided in the following subchapter. (F) Use, Preservation and Disposal of Assets and Treatment of Assets and Claims after Commencement Date. SECTION 48. Use or Disposition of Assets. — Except as otherwise provided herein, no funds or property of the debtor shall be used or disposed of except in the ordinary course of business of the debtor, or unless necessary to :nance the administrative expenses of the rehabilitation proceedings. SECTION 49. Sale of Assets. — The court, upon application of the rehabilitation receiver, may authorize the sale of unencumbered property of the debtor outside the ordinary course of business upon a showing that the property, by its nature or because of other circumstance, is perishable, costly to maintain, susceptible to devaluation or otherwise in jeopardy. SECTION 50. Sale or Disposal of Encumbered Property of the Debtor and Assets of Third Parties Held by Debtor. — The court may authorize the sale, transfer, conveyance or disposal of encumbered property of the debtor, or property of others held by the debtor where there is a security interest pertaining to third parties under a :nancial, credit or other similar transactions if, upon application of the rehabilitation receiver and with the consent of the affected owners of the property, or secured
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  • Fall '19
  • Bankruptcy, CD Technologies Asia, Rehabilitation Plan

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