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

On April 22, the arbitration court introduced a monitoring procedure, starting consideration of the claim for insolvency of the Nizhny Novgorod company Algol (case No. A43-6903/2024). The supplier of paints and enamels 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 region on March 26, 2024. The litigation between the companies has been going on since 2021. The companies...

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