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Far Eastern financial company's bankruptcy case postponed until December 2

16:51 17/11/2011

MOSCOW, November 17 - RAPSI, Natalia Belova. A commercial court postponed on Thursday the hearing of DVTG-Finance's bankruptcy case until December 2, the Russian Legal Information Agency (RAPSI) reports from the courtroom.

DVTG-Finance is a funds-raising SPV of the Far Eastern Transport Group, a transportation and forwarding company delivering inter alia oil products, timber, coal, alumina, metal items and containers.

DVTG-Finance bankruptcy administrator Alexander Baranov requested to postpone the hearing as the company had yet to consider some creditors' claims.

The Moscow Commercial Court started the bankruptcy administration at DVTG-Finance on June 28 upon the application of Roinco Enterprises Limited (Cyprus), Bogatyri and Troika Dialog.

The court entered their claims totaling 306.672 million rubles ($9.9 million) into the creditors' register and appointed Baranov as the company's bankruptcy administrator.

DVTG-Finance requested the Supreme Commercial Court to review the decision to collect 307 million rubles ($(.95 million) for " Bogatyri, Troika Dialog and Roinco Enterprises Limited. The debt includes bonds value, coupon yield and interest. The court, however, denied the review.

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Far Eastern financial company's bankruptcy case postponed until December 2

16:51 17/11/2011 A commercial court postponed on Thursday the hearing of DVTG-Finance's bankruptcy case until December 2.
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