Decision on Reorganization Plan for Lipovo in September

By , 24 Jul 2018, 14:08 PM Business
Claims in the amount of 2,15 million recognized so far: Water factory Lipovo Claims in the amount of 2,15 million recognized so far: Water factory Lipovo Dragana Scepanovic

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July 24, 2018 - The final decision on the proposed reorganization plan for the Water factory Lipovo from Kolasin should be brought to a hearing scheduled for September 3rd when the court expert Ognjen Jovovic should have findings on the implementation of the proposed plan, said bankruptcy trustee Dragan Milic.

The hearing for the analysis of the claims and consideration of the proposed reorganization plan was postponed on 10 July for the second time.

Milić has so far recognized creditor claims in the amount of 2.15 million euros, and in the meantime, several more claims have been received which need to be processed.

According to data from June this year, claims amounting to 2.21 million euros have been reported, of which the highest one is from Atlas group by Duško Knežević in the amount of 1.19 million. The company Atlas Invest has proposed a reorganization plan to the Commercial Court in which bankruptcy was initiated in the second half of February this year. This company claims EUR 110,622 according to payment order III, and Zeta invests 173,991 euros. The Administrator Milic stated earlier that he had contested the claims of six employees among the 20 of them who remained in this factory from Kolasin. 

"In the first payment order, claims amounting to EUR 560,320 were recognized, of which EUR 358,107 related to the Tax Administration's claim (62 percent) and the remaining claims on the employee," Milic said. In the first payment order, there is still litigation, which are ongoing and whose estimated value is around 22 thousand euros. The second payment order consists of VAT claims and tax administration interest of approximately 73.7 thousand euros. The water factory Lipovo is owned by the company Atlas Invest from the Atlas Group by Duško Knežević and for the public unknown company Arab company Mega Gulf Investments Holding from Dubai.

Text by Marija Mirjacic, on July 23rd 2018, read more at Vijesti

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