18. 10. 2013
On18th October 2013, the Regional Court in Plzen approved the Reorganization plan of the company PILSEN STEEL s.r.o.
For the Court's decision, voting results from the Creditors' meeting held on 14th October 2013 ware significant. Out of the total of 362 creditors, 104 creditors voted for the reorganization; 8 creditors were against the reorganization. The remaining creditors did not declared for/against the Reorganization plan.
The Court also rejected the objections of creditors who voted against the adoption of the Reorganization plan and said that the Reorganization plan is in accordance with the Insolvency Act and other legislation.