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The court stated that as of 2018, Lietuvos cukrus. August 30 In the restructuring case initiated in 2006, the company did not prepare and submitted the draft of the company’s restructuring plan for judicial approval within the deadlines established by law and extended by the courts.
After evaluating the data of UAB Lietuvos cukrus on its economic situation, the court concluded that the company is insolvent, cannot fulfill its patrimonial obligations on time, for which reason it filed for bankruptcy and appointed UAB Atveika as insolvency administrator.
The court confiscated the company’s real estate until the day the ruling went into effect.
Photo by Alius Koroliov / 15min / Territory of the Marijampole sugar factory
Currently, the plant is run by Insolvensa, a temporary administrator, who has announced that he will remain with the company until the order is finalized. According to the interim administrator, the change in the company’s situation does not prevent the preparation of a factory for the next purchase of raw materials and sugar production.
“The court’s decision is logical: the condition of the company continues to deteriorate and its former managers, or those who consider themselves as such, sabotage the transmission of documents, stamps and other important attributes of the company and block access to IT systems However, these circumstances do not preclude the operation and preparation for the smooth handover of the factory to the insolvency administrator. I can only joke that at least the insolvency administrator will not have to take colorful biographies of himself entrenched in the administration building. in the morning, ”says Kęstutis Butkus, Insolvensa representative, in a press release.
15min recently wrote about the bloody fights of the security guards and the storm at the factory, when the security company hired by the manager took over “Lietuvos cukrų” and expelled the former representatives of the shareholders.
Lietuvos cukrus belonged to Vidmantas Kučinskas, concern Arvi. Kučinsk himself remains detained in Slovenia, Russia requests his extradition.
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