Sberbank Applies for Approval to Pay CZK 57 Billion to 16 000 creditors
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Jiřina Lužová, the appointed administrator overseeing the insolvency proceedings of Sberbank CZ, has submitted a request to the insolvency court seeking approval for the disbursement of CZK 57 billion to around 16,000 creditors. The proposed disbursement is intended as a partial distribution, and it is anticipated that all categories of creditors may receive 95 percent of their claims within the current year. Pending approval from the court, disbursements could potentially commence by mid-Decemb
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