The Caspian flat glass - the biggest factory, which was built in Dagestan in the post-soviet period, appealed to the arbitration court of the republic with bankruptcy petition after 1.5 years of activity. Devaluation of the rouble caused the inconvenient payments on Vnesheconombank credits for the factory, and a situation at the glass market doesn`t allow to compensate for the increased debt obligations at the expense of own revenues.
From the point of view of the language of law, Soslan Kairov, partner, head of administrative, antimonopoly and corporate practice of the National Law Company “Mitra”, comments that bankruptcy in this case looks like a logical consequence of the auditor's conclusion. If the debtor meets the signs of insolvency, the bankruptcy legislation provides that the debtor's head is obliged to apply to the arbitration court as soon as possible.
Obviously, it dictates the activities of the management of the Caspian flat glass. "This makes sense, in the period of monitoring procedure interest rates are not charged, and this is seven months of concessional loan - for such a period you can try to change the situation for the better," continues Soslan Kairov. However, it is possible that during this time the Caspian flat glass will become a figurant of a series of debt proceedings. At the moment, several such claims have already been submitted to the arbitration courts, including from “Troika Leasing” on recovery of debts and penalties on leasing payments (in the amount of more than 7 million rubles), from “Quartz” from the Ulyanovsk region (12.3 Million rubles), and a number of other suits.
Materials were taken from “Expert online”
