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The court initiated proceedings on bankruptcy of PJSC “Mostobud” at the suit of Alfa-Bank on 75 million UAH

Kyiv economic court opened proceedings on the bankruptcy of PJSC “Mostobud” (Kyiv) at the request of Alfa-Bank (Ukraine) in connection with the inability of the debtor to repay the debt on 74,61 million.

As reported on the website of the Supreme economic court of Ukraine (SECU), a corresponding determination made on 8 February.

Property Manager appointed Sergei Kitzul, the Bank initiated bankruptcy proceedings on 11 January 2017, said SECU.

Our database of court decisions the definition of bankruptcy is still lacking, however, contains a definition about refusal in petition channel “espresso” on the telephoto meetings of the court.

SECU reminds that the deadline for the statement of the monetary claims of creditors against the debtor is 30 days from the day of official promulgation of the beginning of proceedings on bankruptcy.

PJSC “Mostobud” was created in 1993 in the process of privatization of public trust “Mostobud” . The company’s structure comprises some 20 subsidiaries and branches in several regions of Ukraine. “Mostobud” is the General contractor of construction of Podolsky bridge in Kiev and acted as General contractor to build a highway across the Dnipro in Zaporizhia.

According to the state register, in respect of “Mostobud” is open dozens of enforcement proceedings, in particular, 77 in 2016.

It was also reported that the appellate court late last year upheld the penalty of “Mostobud” over UAH 157 million loan Rodovid Bank against the company was appealed by the Deputy Prosecutor of Kyiv in the interests of the state.

According to the disclosure system NKTSBFR, the main shareholders of “Mostobud” at the end of 2016 were two individuals with packages 51,0001% 21,5967%. In the last annual report in the system for 2013 these packages belonged to Vladimir Prodivus and member of the Supervisory Board Svetlana Prodivus respectively.

“Mostobud” in 2015, reduced earnings by 46.6% to 34,02 million UAH with the growth in the net loss by 16.9% to 73,68 million.

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