SACC 2391/1443
Type
Case
Court
Saudi Arabia Commercial Court
Jurisdiction
Saudi Arabia
Taxonomy
Civil Evidence, Liquidation
Decision date
16 Jan 2022
Catchwords
Administrative Liquidation - Documentation
This case involved a request for administrative liquidation. All the required documentation had not been provided.
Background
An agent of a Medical Equipment Maintenance Company applied to the commercial court for the initiation of administrative liquidation proceedings for the company due to its inability to settle its debts.
Decision
The request did not meet the legal requirements stipulated in Article 5(c), (h), (w) of the Bankruptcy
Law, paragraphs (c), (h), and (w) of Saudi Arabia Cabinet Decision No. 264/1439 as it not include supporting documents for all the debts and did not meet the requirements of Article 6(b) of Saudi Arabia Cabinet Decision No. 264/1439
Therefore, the court decided to dismiss this request.