Financial Restructuring and Bankruptcy Law

Article 60 — Article (60) End of Claim Suspension Period

Part One: Preventive Settlement · Chapter Two: Effect of Issuance of Decision to Initiate Preventive Settlement Proceedings

The claim suspension period shall come to an end in any of the following cases: 1. The Bankruptcy Court ratifies the preventive settlement proposal. 2. Issuance of a decision by the Bankruptcy Court to terminate preventive settlement proceedings. 3. Expiration of the period stipulated in Clause (1) of Article (59) of this Law.

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