Financial Restructuring and Bankruptcy Law

Article 33 — Article (33) Inadmissibility or Dismissal of the Application

Chapter Two: Initiation of Proceedings

1. The Bankruptcy Court shall issue its decision not to admit the application if the documents, data and information stipulated in Article (22) of this Law are not submitted, or if they are submitted incomplete without an excuse acceptable to the court. 2. The court issues its decision to dismiss the application if its conditions are not met. 3. If it becomes clear that the application submitted by the creditor was intended only to cause harm the debtor, the debtor and anyone aggrieved by the application may claim for compensation for the damage, and a liability case shall be filed before the Bankruptcy Court. 4. If it becomes clear that the request submitted by the debtor was intended only to harm the creditors and discontinue their claims, the creditors and anyone aggrieved by the application may claim for compensation for the damage, and a liability case shall be filed before the Bankruptcy Court.

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