The fate of "Vektra" in the hands of Popović

Judge Nemanja Popović will decide on the bankruptcy that the Tax Administration is seeking in "Vektra Boka" from 2021.

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A decision on bankruptcy is expected in the coming days: Commercial Court, Photo: BORIS PEJOVIC
A decision on bankruptcy is expected in the coming days: Commercial Court, Photo: BORIS PEJOVIC
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

The judge is solely responsible for the decision on the introduction of bankruptcy in the company "Vektra Boka". Nemanja Popovic so it is up to him to decide whether the conditions for that process have been met, while the specific reasons will be presented in the decision of the Commercial Court. By law, there is no possibility of postponing the decision on bankruptcy, and in case of exceeding the deadline, the judge must inform the president of the court about the reasons Mladen Grdinić.

This was officially told to "Vijesta" from the Commercial Court. On April 20, 2021, the Tax Administration submitted a proposal to this court to open bankruptcy proceedings against the company "Vektra Boka", which they are requesting due to the violation of the reorganization plan. The procedure has been fully implemented and it remains for the judge Nemanja Popović makes a decision on the submitted proposal.

The owner of "Ellena group" addressed "Vijesti" two days ago. Danilo Matijašević, a company that at the beginning of April became the owner of 33 percent of the shares in "Vektra Boka", for which it paid 350 thousand euros. Matijašević claims that the Commercial Court will introduce bankruptcy in "Vektra Bok" this week, so he appeals to Grdinić and Popović not to do so, because these days he plans to pay 1,3 million euros in contributions. He emphasized that by the end of the year, he will pay 600.000 euros for salaries, and that he will pay the state a total of 7.000.000 euros based on debts.

The editors asked the Commercial Court whether they would postpone the alleged decision on the introduction of bankruptcy, so that Matijašević could manage to pay the announced money.

"At this moment, we cannot talk about whether the Commercial Court is "planning" to introduce bankruptcy, such plans cannot exist, but it is in the exclusive competence of the acting judge to decide whether the conditions for opening bankruptcy proceedings are met, and the reasons in that direction, they will be presented in the decision that the court will make. The Law on Bankruptcy does not prescribe the possibility of postponing the decision on the proposal to open bankruptcy proceedings, but prescribes a deadline in which a decision must be made, and in case of exceeding the deadline, the judge is obliged to inform the president of the court about the reasons. In the event of the opening of bankruptcy proceedings, workers who report claims, as well as other creditors whose claims are established, will be able to settle their claims from the funds obtained by cashing in the bankruptcy estate, in accordance with the priorities imposed by the payment orders and the amount of the bankruptcy estate's funds," they said. from this court.

The Commercial Court also pointed out that they currently do not have data on the total and individual debts of "Vektra Boka", and that they will know this only in the event of bankruptcy filing, based on the filing of bankruptcy and separate creditors' claims.

In September, the Tax Administration also submitted an amendment to the proposal, with which they asked for the debt to increase from one million to around five million euros, but Popović did not accept that at the final hearing, at the end of October. A third of the shares of "Vektra Boke" was bought by "Ellena group" in April, while the rest is owned by the former company. Dragan Brković "Vektra Montenegro", which has been in bankruptcy since the beginning of 2021.

In the middle of June, the extraordinary assembly of shareholders of the company "Vektra Boka" appointed a new board of directors, in which they are now Radovan Samardzic, Vladimir Covic i Danilo Matijašević. Dragan i was unanimously dismissed from the Board Bojan Brković, as well as a member of the management Milić Popović.

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