EnglishThe Mures Commercial Court ordered the bankruptcy of Carbid Fox Targu Mures, following the petition submitted by the creditor Transcargo International SRL. Coreli Consult SPPI was appointed provisional liquidator.
On March 6th, Trans Cargo International submitted the bankruptcy petition against the debtor Carbid Fox, on grounds that the latter continues to post losses and it did not succeed in implementing the restructuring program, failing to meet the payment deadlines.
Carbid Fox Targu Mures also has debts towards Imcoop Calear Cluj, Tarnaveni Town Hall, ANAF, BCR and BRD Group Societe Generale. On February 28th 2006, the debtor posted losses of 16.330.001 RON.
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