Leading fieldstone manufacturer's bankruptcy petition suspended
MOSCOW, December 16 - RAPSI. A court has suspended until January 13 a petition filed by businessman Sergey Poymanov for the bankruptcy of his Pavlovskgranit group, a largest fieldstone manufacturer in Russia, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com).
The court decided that Poymanov neither produced sound evidence to prove the bankruptcy petition nor provided the documents listed in the petition. The court added that he also failed to show the group's property and funds, which is a necessary to carry on bankruptcy procedure.
According to the court documents, Pavlovskgranit's debt is 3.478 billion rubles ($110.7 million).
The Moscow Commercial Court commenced in November a supervisory procedure against Pavlovskgranit-Invest and Vitera, Pavlovskgranit's subsidiaries. The procedure was initiated upon the request of Sberbank Capital, whose 3.495 billion ruble ($111.2 million) claims to each debtor were included in the junior lenders list.
The court will hear the bankruptcy case on its merits on March 14.