Administration of Novorossiysk city driving shoe manufacturing company to bankruptcy

The Arbitration Court of the Krasnodar Territory is to consider the claim of the Novorossiysk city administration to declare VetAnna LLC insolvent.  The company is a shoe manufacturer, and the lender's claims are allegedly based on rental payments debt.

The amount of financial claims has not yet been disclosed, and the application itself has not yet been accepted for production.

According to Kommersant-Kuban, the potential debtor is a part of the Bris-Bosfor Group of Companies, on the territory of which the production facilities of the factory was supposed to be located. At the same time, the debt for the lease of land could have become the reason for the administration to initiate a bankruptcy case.

VetAnna LLC was registered 7 years ago in Novorossiysk, and in 2017 its management came up with an idea to create a shoe factory. Then the initiative was supported by the Ministry of Industry and Trade of Russia, and a large investment was announced. Whether the factory will continue its work is still unknown.

However, VetAnna LLC has already managed to avoid one insolvency case.

Neo Chemical LLC previously attempted to declare the debtor bankrupt, but in the process of considering the case, VetAnna LLC partially repaid the resulting debt, which was the reason for leaving the application without consideration.