MOSCOW, December 28 (RAPSI) – The Ninth Commercial Court of Appeals on January 26 will consider an appeal against the lower court’s ruling to collect over 6 million rubles ($ 85,400) from Mechel Trans and the Bratsk Ferroalloys, subsidiaries of the mining and metals company Mechel, according to court records.

In October, the Moscow Commercial Court has granted a lawsuit filed by Sberbank. The third party in the case is another Mechel subsidiary, Yakutugol.

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.

As of September 1, 2015, Mechel’s debts were estimated at $6.313 billion. The company has been negotiating the restructuring of its debts since early 2014.

Mechel is a leading global mining and steel company and currently the most debt-laden in the sector. It was established in 2003 and comprises over 20 companies that produce coal, iron ore, steel, rolled product, ferroalloys, heat and electricity.