Home News Branch news Bank “Vozrogdenie” took legal steps on the management of OAO “Kongopoga” declared bankrupt

Bank “Vozrogdenie” took legal steps on the management of OAO “Kongopoga” declared bankrupt

Arbitration court of Karelia took cognizance complain of one pf creditors OAO “Kondopoga” – bank “Vozrogdenie” who was unsatisfied of the activity bankruptcy supervisor of the mill.
Under the opinion of creditor bankruptcy supervisor does not take the measures for recovery of accounts receivable which they have towards to OAO “Kondopoga” at different companies. At the result, under the bank estimation there was increasing of accounts receivable.

The court took cognizance of this claim and suggested to respondent to prepare substantiated response on the claim of applicant.
ОАО “Kondopoga” declared bankrupt in June this year after three years of external management. Under the decision of the court it was initiated bankruptcy administration till December this year.
Commenting this decision Vice prime minister of Karelia Saveliev Yuriy expressed confidence that after finishing bankruptcy administration the mill will not only stop the work but also start new step of its development.
News. Karelia


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