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In 2002, Rombe filed a petition for the Declaration of a State of Suspension of Payments with Approval of Proposed Rehab. Plan with RTC. RTC issued a Stay Order in accordance with Interim Rules of Procedure on Corp Rehab (IRPCR), Rule 4, Section 6. Rtc dismissed the case on September 24, 2002, due to 1.) Rombe misrepresented materially its true financial status.
In 2002, Rombe filed a petition for the Declaration of a State of Suspension of Payments with Approval of Proposed Rehab. Plan with RTC. RTC issued a Stay Order in accordance with Interim Ru…