A planned auction of a Cessna 402 A aircraft has been thrown into doubt after a civil court ruling determined that all assets of its owner, Cereales del Sur (CDS), are currently restricted. The decision, issued Monday by the Juzgado de Primera Instancia de Distrito en lo Civil y Comercial de la 4° Nominación de Rosario, represents the latest development in an ongoing legal battle over the plane.
Legal Challenge to Auction
The ruling came as the Agencia Provincial de Registro, Administración y Destino de Bienes y Derechos Patrimoniales (Aprad) was promoting the auction of the aircraft – previously moved under heavy guard – to the public. The plane is owned by a company associated with Daniel Casanovas, a detained financial agent. Judge Nicolás Villanueva issued the resolution following requests from the attorney for the defense, Emiliano Díaz.
The court found that the Sindicatura, the body responsible for overseeing the bankruptcy proceedings, had not properly registered the asset restriction with the Administración Nacional de Aviación Civil (Anac). Judge Villanueva’s resolution orders the correction of this oversight and directs Aprad to comply with previous directives issued on April 1, 2026.
Implications of the Ruling
Judge Villanueva’s ruling affirms that the existing restrictions on CDS’s assets are correctly registered with the relevant authorities. It remains to be seen whether the provincial government will suspend the auction, scheduled for April 16, to clarify the situation or proceed as planned.
Regardless of the outcome, the ruling indicates that victims of Casanovas and creditors of Cereales del Sur are unlikely to receive immediate funds from any sale. Proceeds will initially go to the provincial treasury, with funds only being distributed to creditors and victims after a final legal judgment, at an interest rate that does not maintain pace with inflation, and after a 20% deduction for auction costs, transport, and custody fees.
Frequently Asked Questions
What prompted the court’s intervention?
The court intervened after discovering that the Sindicatura had not properly registered the general restriction on CDS’s assets with the Administración Nacional de Aviación Civil (Anac).
Who is Daniel Casanovas?
Daniel Casanovas is a detained financial agent whose company, Cereales del Sur, owns the Cessna 402 A aircraft in question.
What happens if the auction proceeds on April 16?
If the auction proceeds, the funds will go to the provincial treasury, and victims and creditors will only receive funds after a final legal judgment, subject to deductions and a low interest rate.
How might this situation impact the pursuit of justice for those affected by the actions of Daniel Casanovas and Cereales del Sur?
