SAMARA, Volga Region. Nov 28 (Interfax-AVN) - The Samarenergo company initiated the case of bankruptcy of the Chapayevsk metering devices testing plant located in the Samara region, a spokesman for the company's administration told Interfax-Military News Agency on Wednesday.
The first hearing on the matter will happen in the Samara region arbitration court on January 12 next year, the spokesman said. The reasons for the case start were systematic non-payments of the plant to the company. Without taking into account fine sanctions the plant owes RUB19.6m (USD654,162) while its leadership is not ready to provide any bail which to guarantee that the debts will be paid off.
The plant is a defense enterprise and also produces materials from acrylic concrete, wood and metal. Its production facilities amount at 17,000 square kilometers and its consumes electric energy at 12,789,196kW per year.
According to the plant's director general Vladimir Gorshin, his enterprise cannot pay debts for it does not receive money from federal bodies which own the enterprise.
The company leadership says that the plant's bankruptcy is not the main aim and the situation might get better if the agreement on the debt restructuring is reached.