(1) The insolvency court refuses the insolvency plan ex officio
1. if the provisions governing the right to submit a plan and its contents, in particular regarding the forming of groups, are not complied with, and the submitting party is unable to remedy such deficiency or does not remedy it within a reasonable period determined by the court;
2. if a plan submitted by the debtor obviously has no chance of being accepted by the parties to the proceedings or approved by the court; or
3. if the claims provided for the parties under the constructive part of a plan submitted by the debtor manifestly cannot be satisfied.
The court is, as a rule, to give its decision within two weeks following submission of the plan.
(2) If, in the insolvency proceedings, the debtor has already submitted a plan which has been refused by the parties to the proceedings, not approved by the court or withdrawn by the debtor after publication of the date of the discussion meeting, the court is to refuse a new plan submitted by the debtor if such refusal is requested by the insolvency administrator with the consent of the creditors’ committee, if one has been appointed.
(3) The submitting party may bring an immediate appeal against the order refusing the plan.