MOSCOW, October 4 - RAPSI. The Supreme Commercial Court's presidium has remanded for review a lawsuit by Mezhprombank client Sergei Yarmolinsky to have his $2.9 billion claim, which arises from a $103 deposit, included in the schedule of creditors, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com).

The Moscow Commercial Court held against Yarmolinsky on June 20, 2011. The appeals courts upheld the trial court judgment. Yarmolinsky then took the matter to the Supreme Commercial Court.

On March 30, the Supreme Commercial Court dismissed Yarmolinsky's first appeal to the presidium, but the depositor later re-filed an appeal.

Yarmolinsky maintains that he deposited 3,226 rubles ($103) at 130 percent per annum in Mezhprombank in February 1994. The interest was to be charged on a quarterly basis. However, Yarmolinsky said the bank never added interest to the deposit. In 2003, he attempted to withdraw his money, but the bank refused to release the funds.

Mezhprombank is represented in the lawsuit by its bankruptcy administrator - the Deposit Insurance Agency.

The Deposit Insurance Agency only included Yarmolinsky's claim of 5,726 rubles ($183.5) in the schedule of creditors.

The court based its decision on a July 1994 supplementary agreement to the depositary contract. Under this agreement, the interest rate was reduced to zero.

The court ruled that Yarmolinsky knew that there would be no interest added based on a bank statement issued in January 1995, which the depositor would need to submit to the tax inspectorate. Therefore, the three year statute of limitations has since expired. During the hearing, Yarmolinsky refused to admit that he had signed the supplementary agreement, claiming that it was falsified.

However, he then filed a further lawsuit to declare the July 1994 supplementary agreement null and void. In February 2012, the court ruled against his claim.

The media has reported that Yarmolinsky is a renowned banker. He was the vice president of Guta Bank and the deputy general director of MMC Norilsk Nickel.

The court revoked Mezhprombank's license on October 5 and recognized the bank as bankrupt in November.

Valery Miroshnikov, the Deposit Insurance Agency's first deputy head, said the only loan granted by Mezhprombank that is likely to be repaid is a 3 billion ruble ($96 million) loan backed by shares in the Sukhoi aircraft holding company. The bank's debt totals 82 billion rubles ($2.6 billion), of which 32 billion rubles ($1 billion) is a secured loan granted by the Central Bank.