The Dubai Courts of First Instance issued its ruling declaring the bankruptcy of Marka company and liquidating its funds, as well as its subsidiaries.
According to Arabiya Net, the company's managers and members of its board of directors will be stripped of the management of the company and its subsidiaries inside and outside the country, and will prevent them from managing or disposing of its funds or paying any claims that arose Before issuing the decision to open the procedures, or to borrow any amounts in its name, and obligate them to hand over to the bankruptcy trustees all the company’s funds and documents under their hands within five days from the date of this judgment.
The court ruling, issued on Sunday, obligated the members of the board of directors and the managers, jointly among them, to pay in favor of the bankruptcy the debts of Marka company amounting to 448.19 million dirhams.
The court ordered the provisional seizure of the balances, accounts and funds of the company, and its subsidiaries, in all banks and its branches in the country, and on real estate, shares, bonds, cars and vehicles belonging to it with the authorities. competent.
The precautionary seizure was signed on the balances, accounts and funds of the members of the Board of Directors in all banks and their branches in the country, and on real estate, shares, bonds, cars and vehicles belonging to them with the competent authorities.< /p>
The court approved the continuation of the expert, Reda Darwish Saleh Al Rahma, and the expert Ahmed Ali Ahmed Abdullah Al Hosani, the trustees of the procedures as trustees of the bankruptcy, and instructed them to make an inventory of the Marka company and its subsidiaries and directly Procedures for selling it, liquidating its money and distributing it to creditors.
