The Bankruptcy Court may refuse to grant sale permission, whether the debt is subject to preventive settlement proceedings, or bankruptcy declaration, based on an objection submitted thereto by the debtor, the trustee or the Unit, where the debtor is supervised by the regulatory authority, within the deadlines specified in Article (214) of this Law, if the person submitting the objection proves that the interest of the creditors requires that all or any of the debtor's assets, including the assets serving as securities with the creditors, be sold on the basis of an "existing and ongoing activity".
Interpretation and application must be checked against the official text and current version.