The Bankruptcy Court may, based on a motion submitted thereto by any of the creditors during the period following the decision to ratify the preventive settlement proposal and before the proposal is fully executed, decide to terminate the preventive settlement proceedings, in any of the following cases: 1. Filing a criminal case against the debtor for any of the crimes stipulated in this Law. The application must be submitted not later than (6) six months following the date of filing this case. It is also required that this case be filed after ratification of the preventive settlement proposal and before its full execution, otherwise it shall be inadmissible. 2. A judgment is issued convicting the debtor of any of the crimes stipulated in this Law, subsequent to the ratification of the preventive settlement proposal and before it is fully implemented. 3. If the debtor fails to perform the terms of the preventive settlement proposal. 4. If the debtor dies and it becomes impossible to implement the preventive settlement proposal. 5. If new events come to existence subsequent to the date of ratification of the preventive settlement proposal that would make it impossible to continue the debtor's business or affect the debtor's ability to implement the preventive settlement proposal, in a manner that it is no longer expected that the debtor will be able to implement this proposal in accordance with its terms. 6. If the debtor refuses to provide the information, data and documents whose provision is provided to be made by the debtor. 7. If the debtor commits a serious error in respect of managing its property or business during the period following the issuance of the decision to initiate preventive settlement proceedings. 8. If the debtor, upon submitting an application for the initiation of the preventive settlement proceedings or thereafter, commits fraud, deception or provides misleading information, the court may, upon motion of the relevant parties, order the undertaking of the precautionary measures it deems appropriate. These measures shall be canceled if a final judgment acquits the debtor in the criminal case described in Clause (1) of this Article.
Interpretation and application must be checked against the official text and current version.