Bankruptcy petition against large Russian industrial company to be reviewed on September 7
MOSCOW, August 8 (RAPSI) – The Sverdlovsk Region Commercial Court has set the review of bankruptcy petition filed by Alfa Bank against large industrial corporation “Uralvagonzavod”, for September 7, RAPSI learned from the court’s representative.
On June 10 Alfa Bank filed a bankruptcy petition against “Uralvagonzavod”.
In June the court also registered a bankruptcy petition against the corporation lodged by the “Barnaul Forge and Press Plant”.
On May 20 Alfa Bank announced that Uralvagonzavod’s debt before the bank reaches 10.5 billion rubles ($161 million) and additional $72.2 million. The total amount of arrears is estimated at $52.3 million.
Alfa Bank filed a similar petition against the “Ural Plant of Transport Engineering”, a subsidiary of the corporation.
Uralvagonzavod is heading the integrated structure that unites around 40 industrial enterprises, research centers and construction bureaus in Russia and Europe. It is among TOP-100 largest military-industrial corporations of the world.