The court at the suit of Alfa-Bank to UVZ 7.3 bn and $33.9 million deferred to 2016

The court at the suit of Alfa-Bank to UVZ 7.3 bn and $33.9 million deferred to 2016


YEKATERINBURG, December 2. The arbitration court of Chelyabinsk region on Wednesday postponed consideration of the claim of Alfa-Bank to the research and production Corporation “Uralvagonzavod” (UVZ) and its subsidiary – “CHTZ-Uraltrak” 7.3 billion and $33.9 million at January 12, 2016, according to the court.

“Hearing is postponed on January 12,” – said the Agency interlocutor.

Earlier the alpha Bank has refused claim requirements regarding collecting of the penalty for untimely repayment of the principal debt in the amount of $304.5 thousand under the agreement on multicurrency credit line dated may 28, 2013.

The company “CHTZ-Uraltrak”, in turn, the Arbitration court of Sverdlovsk region demanded compliance with the terms of the loan agreement, under which it is provided until 2017. The company demanded to declare invalid the requirement of early repayment of loans, and to require Alfa-Bank to fulfill the terms of the credit agreements. However, the court refused “CHTZ-Uraltrak” in satisfaction of the claim.

Disputes Alfa-Bank and UVZ

In Arbitration court of the Chelyabinsk region is case on the claim of Alfa-Bank about collecting with UVZ, according to the revised data, more than 7.3 billion and $33.9 million

Alfa Bank needs to recover in solidarity with UVZ, “CHTZ – Uraltrak”, Technopark “tractor factory” payable under the loan agreement dated 18 July 2013 to 625 million rubles from 30 October 2013 to 3.7 billion roubles, from 19 November 2013 to 1.2 billion rubles, of 7 March 2014 of 1.2 billion rubles, and debt by agreement multicurrency credit line may 28, 2013 in the amount of $33.9 million and from March 22, 2013 at 621,3 million. In total more than 7.3 billion and $33.9 million

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© Sergey Fadeichev/TASS

“Alfa-Bank” partially waived the requirements under the claim UVZ 7.3 billion and $33.9 million

In August of this year the Arbitration court has received a request from JSC “Alfa-Bank” about returning of the statement of claim, but it was rejected by the court because the statement of claim was accepted to manufacture of Arbitration court of Moscow. “Grounds for returning the statement of claim do not exist,” the judgement read.

Also Alfa-Bank filed in the Arbitration court of Moscow a series of lawsuits to UVZ. Currently before the court are six lawsuits against Alfa-Bank to “Uralvagonzavod” – two for 560 million rubles, three at 1.26 billion rubles, 3.89 billion rubles, RUR 1.07 billion, another for $ 30 million.

The Bank claims associated with the arrears on loans that were made by “CHTZ-Uraltrac” due to the difficult situation in the enterprise. Uralvagonzavod acted as the guarantor.

UVZ is a Russian Corporation engaged in the development and production of military equipment, road construction machines, railway wagons. It comprises more than 40 industrial enterprises, research institutes, design offices. Parent enterprise “Uralvagonzavod” in Nizhny Tagil. 100% of the shares of the Corporation owned by the state.