Rezh Plant Goes Bust

UrBC, Yekaterinburg, November 28, 2017. Sverdlovsk Oblast Arbitration Court declared Rezh Stone-Crushing Plant (RKDZ) bankrupt, the court reports state.

The plant was set up in Rezh, Sverdlovsk Oblast, and registered in Yekaterinburg in 2009. The business mainly deals in cutting and treatment of stones.

The insolvency claim against the plant was placed with the court by Ural Granite Company in April 2017. It was determined in the course of the hearing that creditors’ claims amounted to RUR 55.418m and the defendant was unable to pay in time.

Sverdlovsk Oblast Arbitration Court ruled that the plant should undergo six-month bankruptcy proceedings now.

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