ST. PETERSBURG DEVELOPER IS THREATENED WITH BANKRUPTCY

ST. PETERSBURG DEVELOPER IS THREATENED WITH BANKRUPTCY

ST. PETERSBURG DEVELOPER IS THREATENED WITH BANKRUPTCY
The Arbitration Court of St. Petersburg received a lawsuit from the company L-Industry (under the control of JSC PLF). In it, the organization demands to recognize the insolvency of the developer Alfa Faberge (case no. A56-16843/2024). The judicial act on the acceptance of the claim for consideration has not yet been adopted. The amount of the claim is also not known.

The two firms have been conducting legal proceedings since last summer. The reason for the dispute was the St. Petersburg hotel. Alfa Faberge bought his project from PLG (former name Plaza Lotus Group) in the fall of 2022. Experts estimated the deal at 900 rubles.

The deal involved the purchase and sale of 11 promissory notes in the amount of 93.2 million. The development company has committed to pay the money (in the amount of 86.3 million) by April 2023. But the funds were not credited to the accounts of PLF, and the claim sent to the counterparty did not receive a response.

In June, JSC "PLF" ("Plasalotosfinance") It required over 830 million rubles from the developer. The co-defendant in the lawsuit was the head of the company, Vitaly Bakharev. The developer also appealed to PLF, filing a counterclaim. The firm wanted to invalidate the securities purchase and sale agreement. As a result, the PLF's claim was satisfied, and the counterclaim remained unsatisfied.

According to Bakharev, quoted by the Business Petersburg edition, there are no grounds for bankruptcy of the company. A firm can close a debt approved by a court decision if it receives a writ of execution. At the same time, Bakharev stressed that the company's obligations to the L-Industry society are not related to PLG.

04.03.2024