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Bucharest
March 8, 2021
BUSINESS

CFR’s repairs division is insolvent

The Romanian Railways Company’s (CFR) Maintenance and Repair of Locomotives and Equipment Commercial Company (IRLU) filed for insolvency, the request filed by CFR Marfa being approved by the Bucharest Court last week, Mediafax informs. The insolvency request was registered on August 20 and the court approved the debtor’s request on September 3. The deadline for the registration of the requests to approve the creditors’ claims on the assets of the debtor is October 17, the creditors’ general assembly meeting will take place on November 11 and the deadline for finalizing the table of claims is December 2. The court has designated the Five SPRL company as temporary trustee in bankruptcy.

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