MOSCOW, July 20 (RAPSI) – The Moscow Commercial Court ordered the mining and metals company Mechel, four subsidiaries to pay Sberbank 6.76 billion rubles (about $119mln), RAPSI reported on Monday from the courtroom.
Sberbank filed to collect debts under two loan agreements from the companies, including the Bratsk Ferroalloys, Mechel Service, MechelTrans and the Chelyabinsk Metallurgical Plant.
Initially, the bank sued them for 3.8 billion rubles (over $67mln), but during the hearing, the bank’s attorneys filed a motion to increase the claims under the lawsuit.
The attorneys for Mechel companies said that their clients had repaid 872 million rubles ($15.3mln) in debt to Sberbank in May. Sberbank’s attorneys said the repayment was taken into account when they increased the claims.
Sberbank is one of Mechel’s three largest creditors, alongside VTB Bank and Gazprombank. But unlike these two banks, Sberbank is not satisfied with Mechel’s debt restructuring proposals it received in mid-April.
Sberbank CEO German Gref said they were not business proposals but declarations, in particular the debt-into-shares proposal. Sberbank later said it was negotiating the sale of Mechel’s debts to Russian investors.
Since the end of 2014, Sberbank and its affiliates have filed about 40 lawsuits with commercial courts against Mechel and its subsidiaries.