Рейтинг@Mail.ru
RusEng

News

Court cuts penalty collection for Defense Ministry

17:30 24/01/2012

MOSCOW, January 24 - RAPSI. A commercial court has satisfied the Defense Ministry's lawsuit against Extra M, reducing the initially claimed amount from $7.644 million to $5,958, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com).

According to the plaintiff, the ministry and Extra M entered into a food supply contract on April 8, 2010 to the amount of 6.28 million rubles ($200,430). The food was to delivered by September 30, 2010.

The statement of claim says the defendant supplied the foodstuffs required by the first and second items of the contract, but failed to supply goods under the third item.

Pursuant to the contract, the company was obligated to pay a penalty equal to 50 percent of the foodstuff price for each deadline violation if it failed to deliver the goods in due time and in the prescribed amount.

Given the delay, the plaintiff sought 239.5 million rubles ($7.644 million) for the period from September 30, 2010 to September 30, 2011, including 236.4 million rubles ($7.545million) as a contractual penalty.

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:

Court cuts penalty collection for Defense Ministry

17:30 24/01/2012 A commercial court has satisfied the Defense Ministry's lawsuit against Extra M, reducing the initially claimed amount from $7.644 million to $5,958.
Forward news story

All fields are mandatory!

Submit news

All fields are mandatory!

Share this

Top news