📝 Description
The agricultural cooperative LIT-KOOP, currently undergoing bankruptcy liquidation, is selling its claim right against the Šimkai Agricultural Company. This debt is currently subject to legal dispute in the Kaunas Regional Court (Case No. e2-1350-413/2025). The sale covers the principal debt amount plus any legally recoverable sums, including interest and legal costs, should they be awarded by the court. The buyer acquires all substantive and procedural rights and obligations of the claimant in the ongoing civil case. If the claim amount changes (e.g., partial satisfaction of the claim or award of additional sums) before final settlement, the claim as adjusted will be sold, and the initial purchase price will be proportionally corrected. If any part of the claim is satisfied before the buyer settles the purchase, only the remaining portion of the claim is sold, with a proportional reduction in the purchase price. Any overpayment made by the buyer will be refunded.
❓ Frequently asked questions
What exactly is being sold in this auction?
The item for sale is a claim right against the debt of Šimkai Agricultural Company. This includes the principal debt amount and other legally recoverable sums (e.g., interest, legal costs, if awarded by the court).
What is the starting sale price and the current claim amount?
The starting price is 144095 EUR. The claim amount is stated as 180118,80 EUR (according to the auction announcement).
When does the auction take place?
The auction starts on 2025-10-10 11:57:05 and ends on 2025-11-10 11:57:59.
Is this claim right connected to legal proceedings?
Yes. A civil dispute regarding the claim right is ongoing in the Kaunas Regional Court, Case No. e2-1350-413/2025.
Is VAT applied to the sale?
VAT object: No.
What rights and obligations does the buyer assume?
The buyer assumes all substantive and procedural rights and obligations of the claimant in the civil case being heard. If the claim is partially satisfied before settlement, only the remaining part will be sold, and the price adjusted proportionally; any overpayment will be refunded.
How can I arrange a viewing or get more information?
Viewing must be arranged with the bankruptcy administrator's representative. Official contact details are published in the auction organizer's communication. Email and direct contacts have been removed for privacy reasons.