Ural Instrument-Making Plant tries to avoid bankruptcy
11 May 2012 (09:13)
Ural Instrument-Making Plant is trying to avoid bankruptcy. The company submitted an application to Sverdlovsk Region Arbitration Court, asking for the court hearing to be postponed so that an out-of-court settlement could be reached. The court sustained the petition, and the hearing was put off till June 4, 2012.
It was ZAO StroyService that placed an insolvency claim against Ural Instrument-Making Plant with the arbitration court. At the same time, a similar application placed by TyumenEnergoBank’s trustee in bankruptcy Deposit Insurance Agency State Corporation on behalf of the bank was accepted by the court on March 5, 2011.
The court’s latest rulings postponed the hearings at the requests of Russia’s Industry & Trade Ministry and the debtor, who wanted to reach an out-of-court settlement. In the course of the last session, the debtor’s representative placed a petition for putting off the hearing so that an out-of-court settlement could be reached. The court sustained the petition.
It was ZAO StroyService that placed an insolvency claim against Ural Instrument-Making Plant with the arbitration court. At the same time, a similar application placed by TyumenEnergoBank’s trustee in bankruptcy Deposit Insurance Agency State Corporation on behalf of the bank was accepted by the court on March 5, 2011.
The court’s latest rulings postponed the hearings at the requests of Russia’s Industry & Trade Ministry and the debtor, who wanted to reach an out-of-court settlement. In the course of the last session, the debtor’s representative placed a petition for putting off the hearing so that an out-of-court settlement could be reached. The court sustained the petition.
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