Question juridique clé
Whether the revocation of the provisional moratorium and bankruptcy opening were lawful without the statutory hearing and report procedure.
Solution extraite
No. The first instance violated the statutory procedure by deciding without first holding the hearing on definitive moratorium and without properly assessing the prospects of reorganization.
Motifs extraits
Under SchKG, the court must first examine whether a definitive moratorium should be granted and, before expiry of the provisional moratorium, hear the debtor and the provisional administrator. Bankruptcy ex officio is allowed only if no prospects of reorganization or confirmation exist. The lower court also improperly tied revocation to a report deadline in its earlier order.