Central Bankruptcy Court In raising the petition for business rehabilitation, Wuttisak Klicknick noted that there is no evidence that the debt can be resolved.

Central Bankruptcy Court In raising the petition for business rehabilitation, Wuttisak Klicknick noted that there is no evidence that the debt can be resolved. In addition to the pending salaries of the employees, which have been sued in many cases There is no working capital as claimed.

From the news case, the Wuttisak Clinic has filed a petition with the Central Bankruptcy Court. To file business rehabilitation The court scheduled a hearing for August 31, 2020, and the petition stated that Wuttisak Clinic Intergroup Company Limited filed a petition for rehabilitation with the court that Wuttisak Clinic Intergroup Co., Ltd. The debtor’s business still has Reasonable reasons and channels to rehabilitate the debtor’s business accordingly. The Bankruptcy Act, BE2483, Section 90/3, Section 90/4 asks the court to issue a business rehabilitation order. As already reported

Read news: The Wuttisak Clinic presents a court requesting business rehabilitation After filing for bankruptcy, debt of more than 10 million

On November 5, 2020, the Thai Post reported that the court reviewed the Wuttisak Clinic’s request for rehabilitation and that the petitioner could no longer operate the business to generate income and resolve the debt problem. Furthermore, the debtor could not prove that there is a source of funds to be used as working capital as claimed.

According to the report Once the court has considered the main factors in the conduct of the company that has been facing the problem, the claimant cannot solve AND many problems of prosecution OR the creation of new income that cannot continue with the business or the problem of staff unable to find work due to pending wages After listening, there would be a reason to determine that In the case of the requesting debtor there is still no reasonable cause and channel for business reorganization Therefore ordered to dismiss the request

According to the law The debtor has the right to appeal the commercial rehabilitation order within 1 month from the date of the Court of First Instance. (The Central Bankruptcy Court) has an order or whether to file a request for rehabilitation again. It will be done after more than 6 months, while the court dismisses the request for rehabilitation and the effect of automatic suspension or the moratorium will end immediately.

Thanks to information from Thai Post.