Moscow court orders indebted Mechel to pay Sberbank over $10.7 mln
The Moscow Commercial Court on Monday ordered the mining and metals holding company Mechel and three of its subsidiaries to pay Sberbank $10.6 million and 6.8 million rubles (about $136,500) over defaulted debts.
VTB Bank files fresh suit seeking $38 million from indebted Mechel
The Moscow Commercial Court has registered a lawsuit filed by VTB Bank seeking 1.9 billion rubles ($38.3 million) of debt from steel giant Mechel and its subsidiaries.
Steel giant Mechel appeals ruling ordering it to pay VTB Bank about $1 billion
The Moscow Commercial Court has registered an appeal filed by Russian integrated mining and steel company Mechel challenging an April ruling that orders it to pay VTB Bank 50.2 billion rubles (about $1 billion) in overdue debt.
VTB files $52 million lawsuit against Mechel
VTB Bank has filed a 2.66 billion rubles ($51.7 million) lawsuit against indebted OAO Mechel, a Russia-based integrated mining and steel corporation.
Mechel faces bankruptcy claim - official
Sberbank plans to file a bankruptcy claim against OAO Mechel, an integrated mining and steel company, after negotiations regarding restructuring its debt failed, the chairman of Sberbank, German Gref, announced on Wednesday.
Steel giant Mechel ordered to pay VTB Bank $955 million
The Moscow Commercial Court has ordered indebted OAO Mechel, a Russia-based integrated mining and steel company, to pay about 50.2 billion rubles ($955 million) to VTB Bank.
Hearing set for VTB Bank’s $728 mln suit against Mechel
The Moscow Commercial Court will hold a preliminary hearing on March 2 regarding the claim filed by VTB Bank seeking repayment of 50.2 billion rubles (about $728 mln) of debt from troubled Russian miner Mechel.
VTB Bank sues Mechel for $728 million
VTB Bank, Russia’s second largest bank by assets, filed on Monday a 50.2 billion rubles ($728 million) lawsuit with the Moscow Commercial Court against mining company Mechel, which has been tottering at the edge of bankruptcy.
Mechel settles unpaid ruble loan to Sberbank in court
The troubled Russian metallurgy giant Mechel has paid out the 22 mln ruble ($333,000) loan to Sberbank, as a part of an ongoing debt recovery legal row.
Troubled Mechel pays out $3 mln debt to Sberbank
Troubled Russian metallurgy giant Mechel has settled the 172 mln ruble ($3 mln) debt with Sberbank, the company rep said during the Thursday hearing at Moscow Commercial Court.
Suit filed by VTB bank against heavily-indebted Mechel set for December 5
The Moscow Commercial Court will hear on December 5 a lawsuit filed by VTB Bank seeking about $78 million in debt from mining and metal giant Mechel.
Russian government to discuss Mechel debts
Head of VTB Bank Andrey Kostin confirmed on Monday that the Russian government will discuss the matter of restructuring debt of Mechel, Russia's biggest producer of steelmaking coal, RIA Novosti reports.
Mechel’s subsidiary Chelyabinsk Metallurgical Plant appeals $9.3 mln penalty
Chelyabinsk Metallurgical Plant has appealed against a lower court's ruling ordering it to pay 384 million rubles ($9.3 million) to Mikhailovsky Iron Ore Refinery (Metalloinvest group), RAPSI learnt on Wednesday in the Ninth Commercial Court of Appeal.
Sberbank files six new suits against Mechel companies
State-run OAO Sberbank has filed six new suits against Mechel companies with the Moscow Commercial Court.
Mechel to face suit over Sberbank loans
OAO Sberbank Chief Executive Officer German Gref has expressed support for VTB Bank which filed a lawsuit seeking about $78 million from Mechel, Russia's biggest producer of steelmaking coal.
VTB Bank sues Mechel over $78 million loan
VTB has filed a lawsuit with Moscow’s Commercial Court seeking 2.99 billion rubles (about $78 million) from Mechel, Russia's biggest producer of steelmaking coal.
Creditors, Mechel affiliates agree to end bankruptcy proceedings
Creditors have agreed to drop suits against Mechel Energo and Mechel Trans Vostok, controlled by OAO Mechel, seeking debt recovery in bankruptcy proceedings.
Mechel Group company ordered to pay $27 mln to Rosbank
The Moscow Commercial Court has upheld a lawsuit by Rosbank, part of France’s Societe Generale, against Metallurg-Trust, affiliated with Mechel Group. Under the ruling, Metallurg Trust is to pay 969.7 million rubles ($27 million) to Rosbank.
Moscow court to hear $28 million lawsuit against Mechel affiliate on July 18
The Moscow commercial court has postponed the hearing of a RUB 947 million ($28 million) lawsuit filed by Rosbank against a company related to Russian mining and metals company Mechel until July 18, RAPSI reports from the courtroom.
Mechel owner could be suspended from management - report
Mechel’s creditors are ready to suspend Mechel owner Igor Zyuzin from management activity. Mechel is a major steel producer. Control of the group, which is on the verge of bankruptcy, could be handed over to the banks’ representatives, Vedomosti reports Monday.