Bank VTB insists on ski resort’s bankruptcy

18 December 2009 (09:52)

Bank VTB’s Yekaterinburg branch placed its application with Sverdlovsk Region Arbitration Court, asking that Gora Volchikha Ski Resort be declared bankrupt.

The bank originally laid a claim against Mikhailov Enterprise and Gora Volchikha Ski Resort as early as in the summer of 2009. The bank then insisted on being paid 63.52 million RUR.

The court agreed to have the defendant’s mortgaged property – the artificial snow-making equipment and four lifting devices – arrested and forbade Mikhailov Enterprise, RevdaDorStroy, and other parties to take any action aimed at alienation of disputed assets.

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