State-run alcohol manufacturer's bankruptcy case terminated
MOSCOW, October 25 - RAPSI, Alyona Yegorova. A court has terminated the bankruptcy case of the state-run Rosspirtprom alcohol producer, the Russian Legal Information Agency (RAPSI) reports from the courtroom.
The bankruptcy application was filed by the KSE glassware manufacturer.
The Moscow Regional Commercial Court awarded KSE over 10 million rubles in its lawsuit against Rosspirtprom on March 22. However, the debtor has not yet paid the debt.
Rosspirtprom's representative admitted the debt, but said the company is the federal state unitary enterprise, "which cannot be called bankrupt through bankruptcy proceedings in the commercial court."
Rosspirtprom requested the court to terminate its bankruptcy case.
The Moscow Commercial Court upheld the Rosspirtprom's petition although KSE's lawyers protested the case's closure.
Rosspirtprom was established in 2000 to manage government alcohol industry assets. The company manages government shares in over 100 companies and operates 18 alcohol manufacturers.
KSE is located in the Moscow region. It produces glass bottles for alcohol and non-alcohol beverages, as well as flasks for perfumery industry.