Capital Tour bankruptcy case to be heard on March 9

Moscow Arbitration Court did not find any evidence of bankruptcy in the documents provided by Capital Tour and therefore made the company provide some more convincing proof. The hearing has been put off until March 9, 2011, Russian Agency for Legal & Court Information reports.

Now the debtor claims its debts run up to 1.59bn RUR, including 552.1m RUR worth of the bulk sum and 1.5bn RUR worth of accounts receivable.

A Capital Tour representative announced the company’s assets were insufficient to pay all the creditors back, which was why they applied for bankruptcy.

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