THE COURT EXTENDED THE BANKRUPTCY PROCEDURE OF THE EX-OWNER OF THE CHERKIZOVSKY MARKET

The Arbitration Court of the Moscow region has extended the bankruptcy procedure of the former owner of the Cherkizovsky market Telman Ismailov for six months. The relevant information is provided in the court's file. The court appointed the next report of the debtor's financial manager Valery Kubelun for April 6, 2023.

A criminal case on intentional bankruptcy has also been initiated against Ismailov, since as a result of receiving a loan secured by a businessman's guarantee for a large amount ($180 million), funds were withdrawn from BM-Bank JSC. This is reported by Interfax.

Subsequently, Ismailov himself and a number of other persons were brought to subsidiary responsibility for the obligations of controlled companies. The amount of the registry's claims in the case of his personal bankruptcy is more than 15 billion rubles.

In support of the application for the extension of the procedure for the sale of property, the financial manager pointed to the fact of the sale of all Ismailov's property, noting that settlements with creditors have not yet been completed. In addition, the court is considering the applications of LLC "Tropicano Business Club" and LLC "Rusline 2000" for inclusion in the register.

The court granted the application, setting the date of consideration of the financial manager's report for April 6, 2023.