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Appeal filed against recovery of $318k in favor of Gazprom contractor

16:53 30/10/2012

MOSCOW, October 30 - RAPSI. The 494 Upravleniye Nachalnika Rabot company has filed an appeal against the ruling to award the parent company of Stroygazconsulting, Russia's largest construction holding, $317,730 in damages for loss of reputation, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com) on Tuesday.

Stroygazconsulting is controlled by billionaire Ziyad Manasir.

On May 18, the Moscow Regional Commercial Court partially upheld Stroygazconsulting's lawsuit to recover one billion rubles ($31.7 million) from 494 Upravleniye Nachalnika Rabot.

The court also invalidated information in a letter sent by the defendant to a Gazprom board member, and confirmed that it was defamatory to Stroygazconsulting's business reputation.

The court obligated the defendant to send the board member a letter refuting the claim that Stroygazconsulting allegedly tried to substitute the Prudon-494 geocells in a project to increase its profits.

In December 2011, a commercial court terminated the bankruptcy proceedings against Stroygazconsulting.

The Siberian Tarkus company ended the proceedings against the firm, as Stroygazconsulting repaid its debt to the claimant.

The debtor said it paid the principal amount plus interest on November 1 and produced all the supporting documents.

Stroygazconsulting's parent company is Russia's largest construction group.

The judge decided not to put the debtor into administration and terminated the case.

The bankruptcy application was originally filed on October 26, 2011.

Stroygazconsulting is engaged in developing oil and gas condensate fields, building compressor stations, and producing trunk pipelines, roads and construction materials. Its major customers are Gazprom, Transneft, LUKOIL, Nord Stream AG and Rosavtodor.

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Appeal filed against recovery of $318k in favor of Gazprom contractor

16:53 30/10/2012 The 494 Upravleniye Nachalnika Rabot company has filed an appeal against the ruling to award the parent company of Stroygazconsulting, Russia's largest construction holding, $317,730 in damages for loss of reputation.
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