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THE SUPREME COURT WILL SORT OUT THE UNDERESTIMATION OF THE VALUE OF THE SUBJECT OF THE AUCTION

... for which the property is offered for further sale. The courts also pointed out that the price at which the property was actually alienated was about 80% of the initial sale price determined by the appraiser, recognizing such a sale as successful. The Supreme Court of the Russian Federation referred the applicants' complaints to the judicial board and reflected the arguments of the cassators that in the case in question there were actions that distort the very essence of the auction, as a result of which the property was sold at a price that is significantly lower than the price of any of the proposals made by the participants during the first and repeated auctions.

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