PSM-Gidravlika might go bust

Sverdlovsk Region Arbitration Court is to consider KAB Bank Société Générale Vostok’s claim on October 13, 2009. The bank insists that PSM-Gidravlika (the asset of Anatoly Pavlov) be declared bankrupt.

The bank placed its claim with the court on September 8, 2009. The trustee in bankruptcy will probably be selected among the members of Volga Region Self-Regulatory Organization of Trustees in Bankruptcy Noncommercial Partnership.

The court will also look into the claim laid by Sberbank of Russia’s Oktyabrskiy outlet No. 1794 against PSM-Gidravlika and Pnevmostroymashina on September 7, 2009. The bank wants the defendants to pay over 179.66 million RUR worth of debts.

In the meantime, Pnevmostroymashina has already applied for bankruptcy.

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