BENEFICIARY OF “PRODUCE IN GEORGIA” PROGRAM TO BE DECLARED BANKRUPT

Kutaisi city court ruled that LLC Tsageri Wine Factory will be declared the bankrupt through cancellation of registration, if creditor of the company not applies within 1 month with request of insolvency proceeding launch.

Secured creditor of Tsageri Wine Factory is the state budget (debt – 5,169 lari), while unsecured creditor – the Economy and Sustainable Development Ministry’s Agency Produce in Georgia (125,125 lari).