Рейтинг@Mail.ru
RusEng

News

Doninvest group appeal against $38.7 mln award for VTB Bank postponed

1/2
11:04 06/10/2011

MOSCOW, October 6 - RAPSI, Alyona Yegorova. The court has postponed until November 7 its hearing of Doninvest group subsidiaries' appeal against a $38.7 judgment in favor of VTB Bank, the court told the Russian Legal Information Agency (RAPSI), without specifying the reason for the delay.

The Moscow Commercial Court held in favor of VTB in its suit against Doninvest's subsidiaries on May 10. The bank had initially sought $42.8 million in damages. The following were defendants to the suit: Taganrog Auto Factory (TagAZ), Ruslegavto (the manufacturer of Chery cars under Chinese license), Donskiye Sladosti (Don Sweets), and the Rostov Trucks Plant

The defendants applied to the Moscow Commercial Court for a deferment in the debt repayment. This application has yet to be considered by the court.

Taganrog Automobile PlantTaganrog Automobile Plant

The group's major enterprise TagAZ was incorporated in February 1997 and teamed up with Hyundai in 2001.

Share thisE-mail this articlesubmit newsAdd to blogrss feed
Add to blog
To link to this material, copy the code to your blog.
Publishing code:
Preview:

Doninvest group appeal against $38.7 mln award for VTB Bank postponed

11:04 06/10/2011 The court has postponed until November 7 its hearing of Doninvest group subsidiaries' appeal against a $38.7 judgment in favor of VTB Bank
Forward news story

All fields are mandatory!

Submit news

All fields are mandatory!

Share this

Top news