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Article 283-1
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Under any of the following circumstances, an application for reorganization shall be dismissed by the court:
- Where the application is not filed in accordance with the proper procedure provided, however, that if the improper filing procedure can be rectified, the applicant shall be ordered to take corrective action;
- Where the company has not made public issuance of shares or corporate bonds;
- Where the company has been adjudicated bankrupt by a final ruling;
- Where the settlement resolution made by the company in accordance with the Bankruptcy Law has become final;
- Where the company has been dissolved; or
- Where the company has been ordered to wind up and to liquidate within a given time limit.
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