Insolvency proceedings with Kovosvit MAS the court declared a moratorium

Novinky.cz

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Czechoslovak Regional Court on Friday in insolvency proceedings with the engineering company Kovosvit MAS Machine Tools declared a moratorium, will last three months. This is the result of a court resolution published in the insolvency register. The company, which admits liabilities for more than a billion crowns, requested the declaration of a moratorium to get time to prepare a reorganization plan. At the time of the moratorium, the company ca…

echo24.cz

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The Czechoslovak Regional Court today in insolvency proceedings with the engineering company Kovosvit MAS Machine Tools declared a moratorium, which will last three months. This is the result of a court resolution published in the insolvency register. The company, which admits liabilities for more than a billion crowns, requested the declaration of a moratorium in order to gain time to prepare a reorganization plan.

seznamzpravy.cz

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The company has committed more than a billion crowns.