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NOVOSIBIRSK PHARMACY CHAIN GOES BANKRUPT DUE TO 2 BILLION DEBT

The Arbitration Court of the Novosibirsk Region has accepted a bankruptcy petition from the Pharmacy from Warehouse 7 company. This network, which was previously one of the major players in the pharmaceutical market of the city, is facing debts. Their amount reaches almost 2 billion rubles. At the time of filing the lawsuit against the company, no decision had yet been made to initiate the proceedings. The Pharmacy from Warehouse 7 company was founded in 2014 by entrepreneurs Andrey Godovalov ...

THE ALIENATION OF A GRATUITOUSLY PURCHASED CAR CANNOT HARM THE DEBTOR

... recognizing the purchase and sale agreement and the receipt for the cash receipt presented in the case file as falsified based on the conclusions of the expert opinion. The cassation sent the dispute for reconsideration, noting that in another case, the debtor's purchase of a disputed car was also challenged on the grounds of its gratuitousness. In other words, the debtor's gratuitous purchase of a disputed car, that is, without incurring any financial costs, excludes the debtor's property losses, and ...

THE STRUCTURE OF THE VORONEZH RUDGORMASH WAS PUT UNDER SURVEILLANCE DUE TO A DEBT OF 74 MILLION

... "RGM_Zapchast". The company is part of the Rudgormash machine–building holding, associated with businessman Anatoly Chekmenev. The decision to introduce surveillance was made at the request of the capital's Alerus society, the amount of debt owed to which is 74.5 million rubles. Sergey Domnin, representing the Union of Arbitration Managers "Creation", was approved for the role of interim manager. The court plans to hear his report on June 24, 2025. Alerus filed an insolvency ...

THERE SHOULD BE NO CONTRADICTIONS IN THE SALE OF THE DEBTOR'S PROPERTY

The manager applied to the court for approval of the regulations on the sale of the debtor's property (case no. A40-153275/19). The court of first instance refused to satisfy the application, since the object has signs of unauthorized construction. The appeal approved the provision, pointing out the existence of a different methodology ...

WITHOUT BEING THE RECIPIENT OF THE PENSION, THE DEBTOR WILL NOT BE ABLE TO EXCLUDE IT FROM THE BANKRUPTCY ESTATE

The debtor applied to the court with an application for the financial manager's obligation to provide monthly subsistence allowance and alimony expenses in cash (case no. A56-78752/15). The courts of two instances excluded the cost of living from the bankruptcy ...

TO ESTABLISH THE SIGNS OF INSOLVENCY, IT IS NOT ENOUGH TO SIMPLY INDICATE THE ASSETS OF THE DEBTOR

The manager applied to the court to challenge the debtor's payments in favor of the defendant (case no. A53-32266/22). The court of first instance granted the application, since the disputed transfers were made against an interested person who was aware of the debtor's signs of insolvency, in the absence ...

FEATURES OF RECOVERY OF LOSSES FROM THE SOLE PARTICIPANT OF THE DEBTOR

The manager applied to the court for recovery of damages from the controlling person (case no. A44-2790/21). The courts of two instances partially satisfied the application, referring to the evidence of the fact that losses were caused to the debtor as a result of the unfair actions of its head, expressed in the undocumented expenditure of the company's funds on its business activities, as well as in the failure to take measures for the timely recovery of receivables. The cassation referred ...

SUSPICIOUS PAYMENTS BY THE DEBTOR DURING THE BANKRUPTCY PERIOD MAY INDICATE BAD FAITH

In the framework of the bankruptcy case of a citizen (No. A52-4948/19), the courts considered the issue of completing the sale of property. The courts of two instances released the debtor from obligations, referring to the fact that the signs of deliberate (fictitious) bankruptcy of the debtor were not identified, the circumstances indicating the abuse of the debtor's rights and other deliberately unfair behavior to the detriment ...

THE DEBT OF 14 MILLION TO CREDIT EXPRESS IS PUT UP FOR AUCTION FOR 710 THOUSAND.

... resolution to recover about 203.8 million in damages from the bank's ex-executives. The case of a financial crime initiated by law enforcement officers indicated the presence of embezzlement in the amount of 180 million rubles and $ 920 thousand. The sale of debt in the framework of bankruptcy proceedings is a standard practice for the liquidation of debt obligations of a bankrupt bank. However, a significant decrease in the value of the right of claim at the auction reflects the difficulties with the sale ...

THE MANAGER MUST RECEIVE HIS REMUNERATION, DESPITE THE SALE OF ONLY A SHARE IN THE DEBTOR'S PROPERTY

The manager applied to the court to establish the amount of interest on remuneration (case no. A03-10308/22). Partially satisfying the application, the courts of two instances were guided by the fact that the debtor owns one 1/2 in the right of common joint ownership of the sold real estate (apartment), therefore, in fact, the debtor's share in the proceeds from the sale of this property was only 50 percent, respectively, the amount of interest on remuneration ...

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