Via the same decision, CITR fully takes over the company’s management and will carry out the procedure of utilizing its assets to cover debts to creditors. The decision can be appealed within seven days from publication in the Insolvency Procedure Bulletin.
The shipyard’s debts amounted to RON1 billion (EUR207 million), in line with the preliminary table and assets stood at RON1.26 billion.
(English version by Catalina Apostoiu)