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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...

SVYAZNOY IS SUSPECTED OF DELIBERATE BANKRUPTCY

The temporary manager of Svyaznoy Network LLC stated in court that the company had signs of fictitious bankruptcy. He applied for the opening of bankruptcy proceedings, although the first creditors' meeting had not yet been held. The court had previously banned the first meeting before the claims of a number of companies totaling 41.8 billion rubles were considered. During the court session, the creditors supported the opening of bankruptcy proceedings, regardless of the inclusion of their claims...

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