PSM-Gidravlika goes to court

12 August 2009 (10:09)

PSM-Gidravlika placed its petition with Sverdlovsk Region Arbitration Court, requesting to cancel the earlier decision to claim their property mortgaged with Bank VTB.

The bank’s Yekaterinburg subsidiary laid its claim against PSM-Gidravlika on June 23, 2009. Bank VTB insisted on getting 51.83 million RUR worth of debts and on claiming the company’s mortgaged property. A day later, the court ruled in the bank’s favor.


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