Sverdlovsk Region Arbitration Court is still looking into Avtofrans bankruptcy case.


The demand that the company be declared bankrupt was actually placed with the court by UKS-Invest. The plaintiff insisted that Avtofrans owed it 5.871 million RUR for the jobs UKS-Invest had completed within the two parties’ construction financing and contractor-controlling agreement. The existence of this debt was officially confirmed by the court on July 30, 2009.


As a matter of fact, Avtofrans admits that they do owe money to the plaintiff.


‘As far as the building at 3 Vysotskiy St. in Yekaterinburg is concerned, UKS-Invest was the customer for the project and Avtofrans was the investor. The construction was completed in the middle of 2008, but a few problems were revealed during the commissioning process. These problems still haven’t been eliminated. We refused to pay the customer until after the problems had been dealt with, but UKS-Invest took the case to court and now insists on being paid 6 million RUR. They promise to work on the problems later,’ Avtofrans court representative Valeria Chicherina said to UrBC.