The judge who organizes the milk competition SanCor solved today intervention the company for appoint A judicial co-administrator Who will have broad powers?
Marcelo Gelcich, The judge of Rafaela, Santa Fe, who is hearing the case of the company, which has been going through this process since February last year, appointed the accountant Lucila Inés Prono to take on the position for 60 days, renewable. a few days earlier THE NATION He said that the judge ordered the company to provide information due to the warning about the application of Article 17 of the Bankruptcy Code. This article states that hiding assets is omitting what is required or “In the event of untruthfulness in which he does or is carrying out an act that is obviously detrimental to the creditors, the judge may, by a reasoned order, remove him from the administration and appoint a replacement.”
According to a 10-page document from the judge, unlike full intervention, SanCor will not lose control and direction in this case. “But its administrators can no longer make decisions on their own.” In this context, he made this more precise from now on “Any action that has economic or accounting effects requires the joint signature of the co-administrator.” He noted: “Without this involvement, the company’s actions will be considered null.”
While announcing the news, the magistrate noted that the co-administration will have administrative, representation and audit powers. will have its position “together with the natural bodies of the insolvent company, without whose intervention any action with a financial or accounting effect for the insolvent company is null and void…”
The judge pointed out that the Audit Office and the Control Committee had reported serious problems and continued his decision in this spirit. The court document noted, among other things, that “The company has not provided clear documentation on how its factories (Sunchales, Gálvez, Devoto, etc.) operate, or on its contracts with other companies, how much it produces, how it markets, what it charges and what it does with what it charges.”
He added that the interim control committee “reported that SanCor owes salaries since June 2025 and the full bonus for this year.” He explained that “the use of salary receipts with allegedly false data to evade social security contributions has been reported.” Since the start of the competition, workers have sent 3,800 telegrams demanding back wages.
In this context, the designated co-administrator, who was given 24 hours by the judge to accept the position, will be supported by up to six assistants, i.e. dairy technicians, computer scientists, lawyers and accountants. Gelcich clarified that the measure does not aim to replace the company’s administration, but rather to provide “one”. real and effective control.”
The competition judge gave the co-administrator the authority to do this “Enter all properties where the insolvent company operates or where products are manufactured or services are provided for the production processes of the insolvent company, with the power to enlist the support of public authority and even to request fair authorization, to announce the delivery of information and documents to the insolvent company, its relatives and third parties, and to request information or instructions from the insolvency administration for the best possible performance of their duties.”
It is worth remembering that the SanCor dairy is going through various bankruptcy filings. The Atilra union, for example, called for this measure in the context of continuity of exploitation in order to preserve sources of employment.
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