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Moscow Capital Bank bankruptcy administration extended for six months

15:33 18/11/2011

MOSCOW, November 18 - RAPSI, Dmitry Shchitov. A commercial court extended for six months the bankruptcy administration in the Moscow Capital Bank, the court told the Russian Legal Information Agency (RAPSI) on Friday.

The Moscow Capital Bank is part of the bank deposit insurance system.

On April 30, 2009, the Moscow Commercial Court satisfied the Central Bank's application to declare the bank bankrupt.

The application to extend the bankruptcy procedure was submitted to the court by the Deposit Insurance Agency, which was previously appointed the bank's bankruptcy receiver.

According to the agency, the procedure cannot be finished because the measures to recover the accounts receivables from the bank debtors via court are continuing and the debtor's property is being sold.

The agency earlier said the bank sold real-estate units worth 210.4 million rubles ($6.78 million) in an open auction.

It also reported that the court satisfied 205 of the bankruptcy administrator's applications to recover debts under loan contracts worth 19.2 billion rubles ($620.35 million) and $20 million.

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Moscow Capital Bank bankruptcy administration extended for six months

15:33 18/11/2011 A commercial court extended for six months the bankruptcy administration in the Moscow Capital Bank.
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