Court terminates bankruptcy case against Russian Railways' subsidiary
MOSCOW, October 19 - RAPSI, Natalia Belova. A court has terminated the bankruptcy case of a Russian Railways' subsidiary, the Russian Legal Information Agency (RAPSI) reports from the courtroom.
RZHDstroy was founded in 2006 on the basis of Russian Railways' construction enterprises. It comprises 18 branches across Russia.
The bankruptcy application was filed by Sinten due to RZHDstroy's 200,000 ruble ($6,540) debt.
The Moscow Commercial Court terminated the case after RZHDstroy repaid the debt. It was also reported that Sinten ceased operations.
This is the second bankruptcy application filed against RZHDstroy. On September 2, 2010, the court also terminated the bankruptcy case against the company, which was opened upon an application filed by the Stroydetal Plant.
The case was terminated as the defendant repaid $33,000 in debt to the claimant.