Court hears Bank VTB vs. Pnevmostroymashina

Sverdlovsk Region Arbitration Court is to resume the hearing of the claim laid by Bank VTB against Pnevmostroymashina and PSM-Gidravlika on September 17, 2009. The plaintiff insists on being paid 51,833,114.55 RUR and on having the defendantsĺ mortgaged property arrested.

The courtĺs last session closed with the plaintiff raising the claim to 53,000,509.48 RUR due to the increasing interest rate and the loan commission. The court actually satisfied this claim.

In the meanwhile, Pnevmostroymashina applied for bankruptcy in September 2009, with debts to various creditors running up to over 700 million RUR.


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