1. The Bankruptcy Court may, based on a motion to be submitted thereto during the period following the decision to ratify the plan and before the plan is fully implemented, decide to terminate the proceedings in either of the following cases: a. If the debtor requests termination of proceedings based on the fact that the conditions for initiating proceedings no longer apply to it or that it is not expected that the plan will be implemented in accordance with the terms of the plan. b. If the debtor or the regulatory authority requests the initiation of bankruptcy proceedings. 2. The Bankruptcy Department shall notify the creditors and the Trustee of the application within (10) ten days from the date of its submission, and the Bankruptcy Court shall issue a decision approving or disapproving the application, not later than (10) ten days following its submission.
Interpretation and application must be checked against the official text and current version.