RusBankrot
We know everything about bankruptcy
28/12/2024
Saturday
THIS DAY IN HISTORY:
28 December 
1970 the Novosibirsk Metro was commissioned.
1970 A public screening of the Lumiere Brothers Cinematography took place, the birth of cinema.
1970 The first chewing gum was patented in Ohio.
28 December
1970 the Novosibirsk Metro was commissioned.
1970 A public screening of the Lumiere Brothers Cinematography took place, the birth of cinema.
1970 The first chewing gum was patented in Ohio.
THE COURT BEGAN BANKRUPTCY OF THE SVYAZNOY GROUP OF COMPANIES
The Moscow Arbitration Court (the Arbitration Court of the City of Moscow) considered the application submitted by a representative of Sberbank in relation to the Svyaznoy Group of Companies. A group of companies in the framework of the insolvency case was placed under supervision (case no. A40-208418/2024). The case itself was initiated due to a debt in the amount of 4.46 billion rubles. This amount is part of the obligations incurred in connection with the guarantee that Svyaznoy previously provided to Panclub.
The problems started 10 years ago. At that time, Panklub was lent by Sberbank in the range of 7.6 billion rubles, intending to repay the debt by 2026. However, the obligations were violated by the borrower. As a result, Svyaznoy was involved in the debt collection process as a guarantor.
In the spring of this year, the credit institution demanded that the organization pay 4.46 billion rubles of debt. Since the money was not received by the bank, Sberbank initiated the bankruptcy process in the fall. On October 17, 2024, the Arbitration Court of the City of Moscow agreed with the bank's requirements, fully satisfying the claims.
In addition to these actions, the bank filed lawsuits against other structures associated with Pandora. In particular, Sberbank twice appealed to the court with a statement against the Cypriot company Panclub Enterprises Ltd. The first claim was dismissed by the arbitration court without consideration. The second lawsuit led the court to schedule a hearing for February 5, 2025. Both cases are about the repayment of money on the loan and the general agreement.
The decision to introduce the bankruptcy procedure of Svyaznoy became a key stage in the bankruptcy case. This process is aimed at analyzing the financial condition of the company in order to determine the possibility of further settlement of debt obligations. The bankruptcy case, which began with a guarantee for another borrower, highlights the risks associated with financial guarantees and illustrates the complexity of the interaction between large creditors and commercial structures.
The development of the case will depend on the results of the monitoring procedure, which should determine the financial stability of the company and the ability to satisfy creditors' claims. The current situation around Svyaznoy may have an impact not only on the future of the company, but also on the market in which it occupies one of the leading positions.
The problems started 10 years ago. At that time, Panklub was lent by Sberbank in the range of 7.6 billion rubles, intending to repay the debt by 2026. However, the obligations were violated by the borrower. As a result, Svyaznoy was involved in the debt collection process as a guarantor.
In the spring of this year, the credit institution demanded that the organization pay 4.46 billion rubles of debt. Since the money was not received by the bank, Sberbank initiated the bankruptcy process in the fall. On October 17, 2024, the Arbitration Court of the City of Moscow agreed with the bank's requirements, fully satisfying the claims.
In addition to these actions, the bank filed lawsuits against other structures associated with Pandora. In particular, Sberbank twice appealed to the court with a statement against the Cypriot company Panclub Enterprises Ltd. The first claim was dismissed by the arbitration court without consideration. The second lawsuit led the court to schedule a hearing for February 5, 2025. Both cases are about the repayment of money on the loan and the general agreement.
The decision to introduce the bankruptcy procedure of Svyaznoy became a key stage in the bankruptcy case. This process is aimed at analyzing the financial condition of the company in order to determine the possibility of further settlement of debt obligations. The bankruptcy case, which began with a guarantee for another borrower, highlights the risks associated with financial guarantees and illustrates the complexity of the interaction between large creditors and commercial structures.
The development of the case will depend on the results of the monitoring procedure, which should determine the financial stability of the company and the ability to satisfy creditors' claims. The current situation around Svyaznoy may have an impact not only on the future of the company, but also on the market in which it occupies one of the leading positions.
19.12.2024
