MOSCOW, March 18 (RAPSI) – The Commercial Court of St. Petersburg and Leningrad Region has granted two applications lodged by a co-owner of Russian Internet retailer Ulmart Dmitry Kostygin seeking to include the company’s 660-million-ruble debt (over $10 million) to him in the creditors’ list, according to court records.
In October, the court added a 703.7-million-ruble (about $11 million) debt to the list of Ulmart e-commerce giant’s creditors upon the application of Uralsib bank.
Earlier, a similar claim filed VTB bank worth 822.1 million rubles ($12.6 million) was also granted.
On July 5, 2018, the court initiated a monitoring procedure against Ulmart on the request of BigBox company seeking 100 million rubles ($1.5 million) from the retailer. The firm’s demands were also included in the list of the retailer’s creditors.
Previously, several companies filed bankruptcy petitions against Ulmart.
Ulmart group of companies is the largest Russian private Internet holding focusing on e-commerce segment. The company’s distribution network consists of over 400 sales outlets across more than 240 Russian cities and towns.