Brief: Milkiland Says Arbitrage Court Adopts Decision Of Insolvency Of Unit, Implements Arbitrage Management
20/03/2020 15:23
March 20 (Reuters) - Milkiland NV MLK.WA :
* SAYS RECEIVES INFORMATION ON IMPLEMENTING OF ARBITRAGE
MANAGEMENT OF UNIT "KURSK MILK"
* SAYS ARBITRAGE COURT ADOPTED A DECISION OF INSOLVENCY OF
UNIT
AND IMPLEMENTED ARBITRAGE MANAGEMENT OF UNIT
* COURT DECISION WAS MADE ACCORDING TO PETITION OF CREDITOR
PUBLIC
JSC BANK VOZROGDENIE
* PETITION CLAIMED INABILITY OF UNIT TO REPAY INDEBTEDNESS
TO
CREDITOR IN TOTAL AMOUNT OF RUB 101.9 MILLION DURING TERM
EXCEEDING 3 MONTHS
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