RusBankrot
We know everything about bankruptcy
24/11/2024
Sunday
THIS DAY IN HISTORY:
24 November 
1970 The United States and the USSR ratified the nuclear non-proliferation treaty.
1970 The Central Committee of CPSU restored the national autonomy of the Kalmyks, Karachais, Balkars, Chechens and Ingush.
1970 Charles Darwin published The Origin of Species - the first edition was sold out in a day.
24 November
1970 The United States and the USSR ratified the nuclear non-proliferation treaty.
1970 The Central Committee of CPSU restored the national autonomy of the Kalmyks, Karachais, Balkars, Chechens and Ingush.
1970 Charles Darwin published The Origin of Species - the first edition was sold out in a day.
Design Institute of Dzerzhinsk may go bankrupt
A large carbamide research institute (CRI), located in the Nizhny Novgorod region, may go bankrupt. The design institute is currently undergoing the monitoring procedure introduced in 2021 by the decision of the arbitration court. At the same time, several employees of the enterprise turned to the editorial offices of local media, the presidential administration and the governor of the region with a request to resolve the issue.
The letter itself was made public through the ‘Dzerzhinsk Online’ public in ‘VKontakte’. CRI employees believe that the organization has a huge scientific and human potential in the design of the country's chemical plants. At the same time, the lack of official information from the company's management causes a lot of rumors, while the company that has existed since 1952 risks being ruined and liquidated.
Sources cite a contract with PJSC Metafrax Chemicals, signed in November 2017, as a possible reason for bankruptcy. According to it, the enterprise was supposed to develop a project for chemical production (AKM complex) in the Perm Territory. The CRI corporate media outlet previously indicated that the project cost exceeded ˆ 800 million.
Until October 2020, Oleg Kostin was the CEO of NIIK. When signing the contract at Metafrax, he apparently did not take into account the occurrence of additional costs, which resulted in losses.
Unexpectedly for themselves, CRI employees discovered that the owner of the enterprise had changed. A well-known businessman in the Nizhny Novgorod region, Yury Yavorsky, whom The Moscow Post calls a ‘bankrupt info-gypsy’ became a shareholder of the company. How exactly the author of books on business, who liquidated more than a dozen firms, and went through the bankruptcy procedure himself, became the owner of CRI, remains a mystery.
It is known that the court hearing on the CRI bankruptcy case is scheduled for June 2022. Whether the current management will be able to propose a program to reorganize the enterprise and save jobs, will be clear in the nearest future. However, the employees of the organization, who addressed to the authorities with an open letter, do not express joy about the prospects that have opened up.
The letter itself was made public through the ‘Dzerzhinsk Online’ public in ‘VKontakte’. CRI employees believe that the organization has a huge scientific and human potential in the design of the country's chemical plants. At the same time, the lack of official information from the company's management causes a lot of rumors, while the company that has existed since 1952 risks being ruined and liquidated.
The company continues to be a major employer, although the sources report the beginning loss of the staff.
Fearing that CRI might be declared bankrupt, workers leave the plant. And while about 30 claims from creditors are being considered in the courts, about 500 employees continue to work at the enterprise.Sources cite a contract with PJSC Metafrax Chemicals, signed in November 2017, as a possible reason for bankruptcy. According to it, the enterprise was supposed to develop a project for chemical production (AKM complex) in the Perm Territory. The CRI corporate media outlet previously indicated that the project cost exceeded ˆ 800 million.
Until October 2020, Oleg Kostin was the CEO of NIIK. When signing the contract at Metafrax, he apparently did not take into account the occurrence of additional costs, which resulted in losses.
As a result, indirect expenses cost the institute 929 million rubles, and the cost of additional work - another 1.5 billion rubles.
Whether there was a criminal background in this is not reported, but the contract between Metafrax and CRI was terminated in the summer of 2021. The design institute was taken under surveillance. Maksim Katan, representing ‘Mercury’ SRO AU was appointed by the court as an interim manager in the case.Unexpectedly for themselves, CRI employees discovered that the owner of the enterprise had changed. A well-known businessman in the Nizhny Novgorod region, Yury Yavorsky, whom The Moscow Post calls a ‘bankrupt info-gypsy’ became a shareholder of the company. How exactly the author of books on business, who liquidated more than a dozen firms, and went through the bankruptcy procedure himself, became the owner of CRI, remains a mystery.
It is known that the court hearing on the CRI bankruptcy case is scheduled for June 2022. Whether the current management will be able to propose a program to reorganize the enterprise and save jobs, will be clear in the nearest future. However, the employees of the organization, who addressed to the authorities with an open letter, do not express joy about the prospects that have opened up.
24.02.2022
