Article 228 of Bankruptcy Law

The bankruptcy judge may refuse authorization for the sale, whether the indebtedness is subject to preventive settlement, restructuring or declaration of bankruptcy proceedings, on the basis of an objection submitted to him by the debtor, the trustee or the Bankruptcy Committee—as the case may be—within the time limits specified in Article 226, if the objector establishes that the interests of the creditors require that all or some of the debtor’s assets—including the assets securing the aforementioned creditors—be sold on a “going and operating concern” basis.