-Even in the reorganization the company has positive business results; it is not clear why selling of the assets providing profit, but with controversial registration of the mortgage, has been demanded!


Another hearing is scheduled for the 22 January at the Commercial Court in Novi Sad, because the company Budućnost (in bankruptcy) has demanded for ATP Vojvodina to go bankrupt with an explanation that the reorganization plan is not being implemented. That would mean that, in case the Court accepts the demand, all the assets are to be sold for peanuts and shared by the trustees.

According to some previous estimations, a possible bankruptcy would settle around 11 % of the total debt while, till now, only one judgement for the damage compensations enabled reimbursement of the amount which covered 13 % of the demands.

All the trustees know that I, as an intervener, did everything relating the judgement and reimbursement from the City of Novi Sad, and that ATP Vojvodina was my enemy who tried to reduce the damage compensation demand.

In case of bankruptcy, all the trustees except the workers would have to return the money to the bankruptcy estate!

Unreal nature of the demand is also confirmed by the fact that several cases for the damage compensation of more than tens of millions of Euros are still in progress, so it is more logical and profitable to wait for the outcome of the cases. Besides, even in reorganization ATP Vojvodina is doing business with positive effects and the question is in which way the profit is being distributed.

Why has such a demand been filed?

The truth is that there is an agreement between Credit Agricole Bank and the authorities of Novi Sad according to which the assets of ATP Vojvodina would be “shared“in the following way: the Service - to the friends of the Bank, the Bus Station – to the City, i.e. to the private person who would buy it at a low price, and the land for building to the political friends.

The company Budućnost has only been used for that chicanery.

That is why I have filed a memorial to the Court pointing to a number of irregularities in so far business activities of ATP Vojvodina in reorganization, and that is something the bankruptcy judge Vladislav Kurtek will have to deal with first.

In the same time, I am also inviting other trustees to check in which way the reimbursed money which also belongs to them has been distributed so far.

14 January 2020 – the memorial St 9/2010 filed to the Court in Novi Sad

Open link HERE

You will also conclude that bankruptcy is not in their interest.

Izgled preduzeća ATP "Vojvodina" 

pre privatizacije

  

Izgled preduzeća ATP "Vojvodina" 

posle privatizacije





 



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