ST.-PETERSBURG, August 3 - RAPSI. In September, the St. Petersburg and Leningrad Region Commercial Court will hear creditors' requests to enter claims totaling over 5 billion rubles ($155 million) into the PiN Telecom schedule of creditors, the Supreme Commercial Court reports on its website.

A claim worth 1.79 billion rubles ($55 million) will be handled on September 12. A similar hearing over a 1.423 billion ruble ($44 million) debt will be held on September 26.
In addition, the TGI Leasing's lawsuit to recover 828.1 million rubles ($25.5 million) will also be reviewed on September 12 and the Leasing Group Industry's (LGI) action for 992.55 million rubles ($30.6 million) will be considered on September 19.

The court put PiN Telecom into administration in June after the company filed for bankruptcy.

The Moscow Commercial Court has ordered PiN Telecom and LGI to pay Sberbank savings bank a total of 958.4 million rubles ($29.5 million) under loan agreements, although initially the bank claimed for 969.8 million rubles ($29.8 million).

PiN Telecom is a communications services provider in St. Petersburg and Leningrad Region. Its fiber-optics network stretches to more than 2,000 kilometers. Its clients include circa 3,500 entities and over 170,000 individuals.