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Energy company's $4.4 mln suit against shipbuilder postponed until Mar.19

16:03 16/02/2012

ST. PETERSBURG, February 16 - RAPSI. A court postponed until March 19 its hearing of the Petersburg Energy Retail Company's $4.4 million lawsuit against the Baltiysky Zavod shipbuilding company, the Supreme Commercial Court reports on its website on Thursday.

The plaintiff seeks to recover debt for power supplies.

The court did not specify the reason for the postponement.

The Petersburg Energy Retail Company decided in late January to delay power supply cutoffs to the shipbuilder, taking into account its importance. The shipbuilder said earlier that the energy company planned to cutoff power supplies from 12MW to 5MW due to the shipbuilder's debt for supplies. He also said it would be unlawful to cutoff power supplies to the enterprise, which is under supervisory procedure and the debts will be recovered through court action.

The St. Petersburg Commercial Court commenced a supervisory procedure in the shipbuilding company on January 13.

The Petersburg Energy Retail Company has so far not requested to include its claim in the list of Baltiysky Zavod's creditors.

It was reported earlier in December that Baltiysky Zavod will eventually go bankrupt due to its heavy debts.

The Baltiysky Zavod builds icebreakers, naval and large-capacity cargo ships. It also manufactures engineering products and energy equipment and supplies nonferrous and core-mold castings.

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Energy company's $4.4 mln suit against shipbuilder postponed until Mar.19

16:03 16/02/2012 A court postponed until March 19 its hearing of the Petersburg Energy Retail Company's $4.4 million lawsuit against the Baltiysky Zavod shipbuilding company.
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