Rus News Journal

Chuvash Industrially - building industrial complex Groups SAVVA initiated bankruptcy procedure

Arbitration court of Chuvashiya has entered procedure of supervision for a period of 6 months into Open Company Industrially - building industrial complex (Novocheboksarsk, is included into Open Society Volgastrojgrupp Group SAVVA, Moscow) under the company statement, is told in the definition of court placed on a site of arbitration. As of May, 12th, 2009 debts Indudstrialno - building industrial complex before creditors makes 1 mlrd 720 million rbl.

In manufacture of Novocheboksarsk city department of court enforcement officers there are executive documents on collecting from the debts enterprise for a total sum of 13,7 million rbl. Also in arbitration courts there are statements of claim of creditors about collecting of debts from Open Company.

Now the debtor has a property for the sum 1 mlrd 639 million rub, including, a debt receivable arrest is put the sum of 453 million rbl. Thus on 98 million rub an enterprise debt receivable. Money resources at the debtor are absent, is told in definition.

as it is marked in definition of the court, specified the property is enough for compensation of court costs on carrying out of procedures of bankruptcy, however it is not enough for repayment of all available accounts payable for all creditors in full.

since January, 2009 the debtor from - for absence of materials industrial activity is not engaged. In staff of the applicant 1079 workers who in view of the termination by the enterprise of industrial activity stand idle are registered.

Time managing director the court has confirmed Lyudmila Pavluninu, and also has made decision to suspend executive manufacture on property collectings, including, to remove arrests on property of the debtor.

as Open Society " was informed earlier; Volgastrojgrupp has suspended building construction in Cheboksary.

in the end of April of current year investigatory department UFSB across Chuvashiya has filed criminal charges about swindle concerning heads of the several local firms which are engaged in building of habitation both realtor services and a part Open Societies Volgastrojgrupp .

Heads of firms are suspected of plunder of money of the citizens who have concluded with these companies preliminary contracts on participation in share building of multiroom apartment houses in the city of Cheboksary.

Interfax - the Volga region