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Dec 01, 2020 15:29 EEST
December 1 (SeeNews) - The commercial court in Zagreb said it decided to launch pre-bankruptcy proceedings against Croatian sugar producer Sladorana due to lack of liquidity.
The decision was made upon a request filed by the company, which also submitted a restructuring plan to be carried out during the procedure, the court said in a statement on Monday.
The court appointed Ivan Kurecic pre-bankruptcy receiver and called on the creditors of Sladorana to submit their claims against the company in the next 21 days.
Sladorana is a subsidiary of local sugar producer Viro [ZSE:VIRO], which filed for the launch of pre-bankruptcy proceedings in October due to a lasting lack of liquidity.
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