Court to consider Severnaya’s bankruptcy application

February 20, 2015. Sverdlovsk Region Arbitration Court is going to consider Severnaya Agricultural Firm’s insolvency application submitted by Elektrotechnologii.

The application was placed with the court on February 16.

The defendant was founded on November 14, 2007 and is now managed by Oleg Khan. The company is now involved in a number of lawsuits as a defendant, with the total amount of claims reaching 1.3bn RUR. The debts are to be paid by Severnaya itself, Uralbroiler Yekateirnburg, and other businesses owned by Oleg and Olessya Khan. Sberbank of Russia seized all of the agricultural company’s settlement accounts in December 2014.

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