MOSCOW, August 16 - RAPSI. The Moscow Commercial Court granted a six month extension in the Interavia Airlines bankruptcy case, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com).

A report on the completion of bankruptcy procedure by the receiver, Ilya Presnyakov, will be heard by the court on February 7, 2013.

A motion to extend the bankruptcy procedure was filed by the receiver, since not all of the procedure's measures were completed.

A representative of Financial Leasing Company, which is a creditor in the case, objected to the extension. He said that the airline has virtually no funds left and extending the procedure will only result in an increase of the receiver's expenses.

In addition, the representative said that the debtor is liable to its creditors, but that during the bankruptcy proceedings the receiver entered into an agency contract worth 1.1 million rubles ($34,500) with a private entrepreneur for the representation of Presnyakov's interests in court. This infringes on the creditors' interests.

On January 28, 2010, the Moscow Commercial Court ruled for Interavia's bankruptcy and appointed Presnyakov as the bankruptcy receiver. The company's accounts payable amounted to 817 million rubles ($25.62 million) and the accounts receivable, that could be recovered, amounted to 5-6 million rubles ($156,800 - $188,160).

A statement on Interavia's insolvency was submitted to the commercial court on February 27, 2009. The airline stopped all of its flights in the winter of 2009.