MOSCOW, October 13 (RAPSI) - The Commercial Court of Kaluga Region has again prolonged sales of assets of ex-owner and founder of Svyaznoy retailer Maxim Nogotkov for four months as part of bankruptcy proceedings against him, according to court records.
A petition to extend the procedure has been filed by the debtor’s bankruptcy receiver Victor Yeltsov. According to him, the debtor’s assets have not been divided; conclusion and registration of deals have not been completed; other disputes involving Nogotkov are being considered.
Earlier, the court extended the bankruptcy procedure against the retailer’s founder in January and July.
On July 19, 2018, Nogotkov was declared bankrupt upon an application lodged by the Cypriot firm Strafor Commercial Ltd.
In November 2018, the Commercial Court of Kaluga Region granted claims filed by companies Lonestar Enterprises Ltd (British Virgin Islands) and Svyaznoy Logistics seeking to include an 11-billion-ruble debt ($174 million at the current exchange rate) of Nogotkov into the list of creditors.
Earlier, the court added Nogotkov’s 1.8–billion- ruble debt (about $28.5 million) to Lonestar Enterprises Ltd to the list of creditors' claims.
Svyaznoy N.V. and Svyaznoy brand are under the control of the Cypriot Trellas Enterprises Ltd.