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A MACHINE-BUILDING PLANT FROM ST. PETERSBURG WILL BANKRUPT A PAINT SUPPLIER

... demanded that the Kingisepp Machine-Building Plant (KMP) from St. Petersburg be declared bankrupt. The plaintiff filed an application with the arbitration of the Nizhny Novgorod... ... been going on since 2021. The companies signed several contracts, according to which Algol undertook to supply paint and varnish materials for almost 7.2 million rubles... ... December 2022, KMP won the trial, collecting 8.9 million rubles from the defendant in two lawsuits. According to the first claim, the money (2.9 million) was eventually received...

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