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Bankruptcy procedure in Mezhprombank extended

12:18 09/07/2012

MOSCOW, July 9 - RAPSI. On Monday the Moscow Commercial Court extended until December 7 the bankruptcy procedure in Mezhprombank, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com).

The court has thereby satisfied the appeal by the Deposit Insurance Agency, the bank's bankruptcy administrator, on extending the bankruptcy procedure for six months.

The agency said at the hearing that 309 claims worth 225 billion rubles ($6.84 billion) were filed, with 241 claims worth 220 billion rubles ($6.68 billion) satisfied. Sixty-one bankruptcy procedures worth 55 billion rubles ($1.67 billion) were initiated.

At the same time, the agency said that execution procedures bring the bank insignificant amounts of money .

In total, claims worth 85 billion rubles ($2.58 billion) were included in the creditor's schedule. These are mostly claims by third-priority creditors. Claims by first and second priority creditors worth 5.5 million rubles ($167,211) and 1.5 million rubles ($45.603) respectively have been satisfied in full.

On November 30, 2010, the court declared the bank bankrupt and initiated bankruptcy proceedings against it and placed the responsibility of being the receiver on the Deposit Insurance Agency.

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Bankruptcy procedure in Mezhprombank extended

12:18 09/07/2012 On Monday the Moscow Commercial Court extended until December 7 the bankruptcy procedure in Mezhprombank.
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