The court began a debt restructuring Telman Ismailov

The arbitration court of Moscow region has introduced a procedure for restructuring the debts of the former owner of the Cherkizovsky market and founder of AST group, Telman Ismailov, reports “Interfax”.

The court included the debt to the Bank in the amount of 17.4 billion rubles in the register of creditors of the debtor. Court hearing on the introduction of the restructuring plan will be December 15.

That the Bank of Moscow (“daughter” VTB) filed for bankruptcy in October 2015, said the newspaper “Kommersant”. That the Bank submitted the application, confirmed in a press-service VTB.

According to “Kommersant”, in a statement, the Bank stated that the Bank has provided three loans totaling $230 million between September 2012 and February 2014, two companies which were directly related to the group of the companies act. While Telman Ismailov personally vouch for the return of the funds, said “Kommersant”. In total, the Bank of Moscow demanded from Telman Ismailov $286,4 ml million with interest.

In December 2015, the Arbitration court of Moscow region recognised Telman Ismailov bankrupt at the request of a creditor of Boris Zubkov. In March 2016, the decision was overturned in appellate court. Later Telman Ismailov appealed the decision to the Supreme court.

Also Telman Ismailov filed a statement of its own bankruptcy.