Concerning bankruptcy of Alytaus Tekstile AB


Kaunas District Court order concerning bankruptcy case of Alytaus Tekstile AB
as of August 23, 2007 
On August 27, 2007 Alytaus Tekstile AB has been presented with the Kaunas
District Court order No. B2-1010-555/2007: 
To institute bankrupcy proceedings for enterprice Alytaus Tekstile AB (code
149698775, address: Pramones st. 1, 62175 Alytus). To appoint Romualdas
Pinkovski (certificate No 652a)  as administrator. 
To set a time limit of 40 days from the effective date of the court decision
within which the creditors shall have the right to file their claims. 
To set a time limit of 10 days from the effective date of the court decision
within which the head of enterprice administration must transfer to the
administrator the assets of the enterprise according to the financial accounts
drawn up on the basis of the data as of the day of institution of the
enterprise bankruptcy proceedings and all pertinent documents. 
To notify the register of legal persons in writing of the effective court
decision to institute bankruptcy proceedings 
To direct the enterprise administrator to perform the actions specified in 
paragraph 4 (3) and (4) of  Article 10 of Enterprice Bankcruptcy Law. To
convene the first meeting of the creditors as specified in paragraph 1 of
Article 22 of Enterprice Bankcruptcy Law. 
A separate appeal against the court order can be filed through Kaunas District
Court to the Court of Appeals of Lithuania within 10 days from the day of its
making. 

Director General
Algida Zukeviciene
tel. + 370 315 57357

Unofficial translation done at the VSE