123Milhas’ judicial recovery request is accepted by the Justice

123 miles

Plan must be submitted by the company within 60 days

Judge Claudia Helena Batista, from the 1st Corporate Court of the Judicial District of Belo Horizonte, granted the request for judicial recovery of the company 123Milhas. According to the decision, the recovery plan must be submitted within 60 days and must contain measures to repair consumers.

“In the case of requests for Judicial Reorganization of companies whose main object is to operate in the consumer market, which enjoys special public legal protection, the Reorganization Plan to be presented to the court must contain measures of reparation to the universe of consumer creditors for damage caused throughout the national territory”,

informs the judge of her decision.

123Milhas, as well as the partners HotMilhas and Novum Investimentos, must submit their creditor spreadsheet within 48 hours. Creditors have a period of 15 days to submit their qualifications or disagreements in relation to the related credits to the Judicial Administration.

123Milhas’ request for judicial recovery was presented to the Court of Justice of Minas Gerais last Tuesday (29). According to the company, the objective of the judicial reorganization is to ensure the fulfillment of the commitments assumed with customers, former employees and suppliers. The travel agency suspended the issuance of tickets for departures scheduled between September and December of this year, due to “For reasons beyond his control”.

The request of consumer protection entities and public bodies to participate in the judicial recovery process as amicus curie may present suggestions, requests and public hearings.

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