Рейтинг@Mail.ru
RusEng

News

Crushed stone producer's insolvency statement to be heard on Nov. 23

Tags: Russia, Moscow
17:06 01/11/2011

MOSCOW, November 1 - RAPSI, Natalya Belova. A commercial court shelved until November 23 the hearing of an application filed by Sberbank Kapital to recognize Pavlovskgranit's subsidiaries, Pavlovskgranit-Invest and Vitera as insolvent, the Russian Legal Information Agency (RAPSI) reported from the court on Tuesday.
Pavovskgranit is a major Russian producer of crushed stone.

Sberbank-Kapital's representative said at the hearings that the bank had to submit insolvency statements because Pavlovskgranit and Vitera failed to pay loan debts worth over four billion rubles ($130 million).

The court's decision to recover the debt has already come into effect.

Share thisE-mail this articlesubmit newsAdd to blogrss feed
Add to blog
To link to this material, copy the code to your blog.
Publishing code:
Preview:

Crushed stone producer's insolvency statement to be heard on Nov. 23

17:06 01/11/2011 A commercial court shelved until November 23 the hearing of an application filed by Sberbank Kapital to recognize Pavlovskgranit's subsidiaries, Pavlovskgranit-Invest and Vitera as insolvent, the Russian Legal Information Agency (RAPSI) reported from the court on Tuesday.
Forward news story

All fields are mandatory!

Submit news

All fields are mandatory!

Share this

Top news