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Thursday, 05/18/2017 12:50:30 PM

Thursday, May 18, 2017 12:50:30 PM

Post# of 50022
Finally got it looks like just a Bankruptcy notice of Rontan being in bankruptcy

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Judge Lígia Cristina Berardi Possas, from the 3rd Civil Court of Tatuí, named the company Excelia Gestão e Negócios, in São Paulo, as judicial administrator of the group formed by Rontan Electrometalúrgica and Rontan Telecom, both based in Tatuí.

The decision is a new step towards the judicial recovery of the company and was published in the "Official Gazette" of Justice on Monday, 17.

According to the magistrate, the company presented documents that prove the company's equity situation and "decapitalization in view of the decline in revenues from 2015, generating its' economic and financial crisis."

Attorney Ana Cristina Baptista Campi, of Excelia, will be responsible for overseeing the activities of the debtors and for compliance with the judicial recovery plan, as well as for the presentation of a monthly report of activities of the companies.

With the approval of the request for judicial recovery, companies will need to formulate an administrative plan and present it to creditors, which must occur within 60 days from the official publication.

"The judicial administrator, in the next few days, will send correspondence to the creditors, by mail, communicating the date of the request for judicial recovery, nature, value and classification given to the credits, listed by the recovery," Ana Cristina told O Progresso.

According to the lawyer, will be published in official body the nominal relation of the creditors. In case of divergence from the values ??presented in the publication, credit holders with the company will have to file a defense with the court administrator.

"The judicial recovery plan should provide for the payment conditions of the debt. In the event of objection of any creditor, a general meeting of creditors will be called to deliberate on the matter, "said the lawyer.

The company responsible for conducting the recovery has no details about hiring employees, nor about deadlines for Rontan to work again.

Under the Bankruptcy Law, the plan must contain "detailed" information on the means of recovery, demonstration of economic viability and economic and financial report, and evaluation of the assets and assets of the debtor. Under the law, the plan can not allow a period of more than one year for the payment of labor debts.

The appointment of court administrators to collaborate with the Rontan group was recommended by prior expertise, held and attached to the process. One of the company's creditors, Splendido Alimentação e Serviços, tried to challenge the request. The value of the company's stock is almost R $ 500 thousand.

"The spirit of Law 11.105 / 2005 (Bankruptcy Law), which seeks to overcome the economic and financial crisis of the debtor, to allow its continuity and maintenance as a source of goods and services and generating companies, can not be forgotten. , Especially its social function, "stressed the judge responsible for the case.

The request for judicial recovery was formulated by the company itself. However, some lenders filed for bankruptcy against Rontan. One of them is the Fibra bank, which has filed a lawsuit in the amount of R $ 5 million.

The president of Sindmetal, Ronaldo José da Mota, was asked to comment on Rontan's judicial recovery, however, it was not found. The report looked for Rontan's current controllers and received no response.

Government Debt

The data on federal taxes and duties owed by Rontan Eletrometalúrgica - the group's main company - were changed on the PGFN website (Attorney General's Office of the National Treasury). A month ago, the debit list of the agency included debit of R $ 151,595,163.

At present, however, the electrometallurgy has total debt of R $ 14,233,450.90, of which R $ 458 thousand with the FGTS (Guarantee Fund for Time of Service), R $ 12.1 million with the INSS Of Social Security) and R $ 1 million in taxes and taxes. Rontan Telecom owed R $ 666 thousand to Social Security.

With the exclusion of part of Rontan's debt, the company, which topped the list of local debtors to the Union, fell to the eighth position in the ranking of active debt.

The information of the active debt is changed in three hypotheses, according to the PGFN: the payment of the debt, installment or entry of lawsuit questioning the collection of the taxes.
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