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MODUS AUTO DEALERS FROM LIPETSK WENT BANKRUPT WITH 3.5 BILLION RUBLES DEBTS

..., respectively. Earlier, SBK Geofizika had filed insolvency claims against regional car dealers in Lipetsk, Novorossiysk and Krasnodar. Real estate companies (Krasnodar-Realty and Stark Establishment) also turned out to be defendants. This time, two Lipetsk companies with debts of 1.5 billion and 2 billion rubles filed for bankruptcy. They also acted as guarantors for loans from other companies within the Modus chain. The observation procedure was introduced back on December 28, 2019. As a result, the court concluded that the financial condition of both organizations engaged in the sale of cars in Lipetsk was unsatisfactory. The interim manager filed ...

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