MOSCOW, December 22 - RAPSI, Dmitry Shchitov. A commercial court postponed on Thursday the hearing of DVTG-Finance's bankruptcy case until February 16, the Russian Legal Information Agency (RAPSI/rapsinews.com) reports from the courtroom.

DVTG-Finance is a funds-raising SPV of the Far Eastern Transport Group, a major transportation and forwarding company delivering inter alia oil products, timber, coal, alumina, metal items and containers.

DVTG-Finance’s bankruptcy administrator Alexander Baranov requested to postpone the hearing as the company had yet to consider a number of creditors’ claims.

The Moscow Commercial Court commenced the bankruptcy administration on June 28 upon the application of Roinco Enterprises Limited (Cyprus), Bogatyri and Troika Dialog. The court entered their claims totaling 306.672 million rubles ($9.6 million) into the creditors’ register.

Media reported earlier that DVTG-Finance’s problems date back to February 2009 when it defaulted under its 1 billion ruble ($31.5 million) first loan issue and under its second bond issue.