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THE SUPREME COURT WILL CONSIDER THE ISSUE OF VIOLATION OF THE RIGHTS OF BANKRUPT PARTICIPANTS BY THE SETTLEMENT AGREEMENT

... of unfinished construction, the cost of which exceeded the size of the claims. Creditors, in turn, undertook to transfer the difference in price to the debtor. The courts of the first and cassation instances considered the submitted text of the settlement agreement reasonable and aimed at ensuring the rights of all participants in the bankruptcy case, and therefore discontinued the proceedings. The debtor's participants filed cassation complaints to the Supreme Court of the Russian Federation and pointed to the transfer of property at an undervalued value in the presence of potential buyers willing to purchase it at a significantly higher cost, the lack of approval of the settlement agreement as a major ...

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