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Moscow gas company's bankruptcy appealed

18:00 15/09/2011

MOSCOW, September 15 - RAPSI, Alyona Yegorova. A commercial court has registered on Tuesday an appeal against the judgment declaring the Moscow Gas Company bankrupt, the court told the Russian Legal Information agency (RAPSI).

The appeal was filed by the Ilim-Rosko Trading House, which had applied for the company's bankruptcy.

The Moscow Commercial Court declared the company bankrupt and ordered six-month bankruptcy proceedings against it on July 28.

According to July reports, Ilim-Rosko forfeited its appeal, but the case hearing was scheduled for September. Now, the hearing has been delayed for an indefinite period until the case is remanded to the trial court. The court will then also hear Ilim-Rosko's complaint against the actions of the company's bankruptcy administrator.

The company's eight creditors claim in total about 122 million rubles ($4.4 million), while its assets are evaluated at 43 million rubles ($1.5 million). Its major creditors are Rosneft and RN-Trading (80 percent of the claimed amount).

The Moscow Commercial Court ordered a supervisory procedure for the company on January 28.

The Moscow Gas Company was established in November 2005 by the Moscow government and the Rosneft oil company.

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Moscow gas company's bankruptcy appealed

18:00 15/09/2011 A commercial court has registered on Tuesday an appeal against the judgment declaring the Moscow Gas Company bankrupt.
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