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Insurer's bankruptcy hearings to resume on September 28

13:06 26/09/2011

MOSCOW, September 26 - RAPSI, Natalia Belova. The court has postponed until September 28 its hearing on the validity of a claim for Innogarant's bankruptcy, the Russian Legal Information Agency (RAPSI) reports from the courtroom.

Innogarant is the insurer of the Capital Tour travel agency.

The claim was filed by ProektService.

The Federal Insurance Supervision Service stated earlier that the service received complaints that Innogarant has failed to pay for Capital Tour which was deprived of its license on May 25.

The case was postponed because the court was unaware if another supervisory authority, the Federal Financial Markets Service, had been notified of the hearing date.
According to ProektService the insurer's debt was 206,500 rubles ($7,380) which remained still unpaid on Monday.

Innogarant has been operating since 2000. Its charter capital amounts to 1.65 billion rubles ($59 million).

Capital Tour was established in July 2003 as the first universal international travel agency. It is one of Russia's top three travel agencies. It sells medium and high-budget tours to 40 countries through more than 20,000 travel companies in Russia, other CIS and Baltic countries.

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Insurer's bankruptcy hearings to resume on September 28

13:06 26/09/2011 The court has postponed until September 28 its hearing on the validity of a claim for Innogarant's bankruptcy.
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