The appellate court postponed the case on the suit of VTB to “Mechel”


Once VTB will get a percentage of “Mechel” in accordance with the agreements, the state Bank will be willing to renounce the claim to a 50.2 billion rubles, said the representative of the second largest Russian state Bank in court.

MOSCOW, 9 Nov. The ninth arbitration appeal court has postponed till December 9 the hearing on the appeal of “Mechel” on the decision of the lower arbitration of Moscow, ordered to pay a 50.2 billion rubles in favor of VTB, the correspondent from a court hall.

“As soon as the Bank will get a percentage of “Mechel” in accordance with the agreements, we will be ready to drop the case”, — said the representative of VTB in court.

The court of appeal on Monday held a hearing on the appeal of “Mechel” on the decision of the lower arbitration of Moscow, which previously has completely satisfied the claim of the Bank to a metallurgical company.