Economic court of Donetsk region refused subsidiaries Naftogaz of Ukraine – Gas of Ukraine – to open the proceedings on the bankruptcy of PJSC Energomashspetsstal (Kramatorsk), which is included in the engineering division of Russian state concern Rosatom – Atomenergomash. This is stated in the decision of the court of 7 September 2017
April 22, 2015 Gas of Ukraine in the Economic court of Zaporizhia region won the case on recovery of Energomashspetsstal 7.9 million UAH of the principal debt of 1.57 million UAH of penalties, 1,17 million UAH (3% annual), UAH 2.1 million inflation losses, and also 72,9 thousand UAH, court fee.
May 10, 2016 Zaporizhia region economic Court extended the deadline for payment of the debt one and a half years.
By the time of the treatment Gas to the Ukraine in the bankruptcy court of Energomashspetsstal, the amount of receivables decreased by 1.85 million.
As of 7 September 2017 EMSS paid another UAH 6 million of debt.
In accordance with the law on restoring debtor’s solvency or declaring its bankruptcy the basis for the commencement of the bankruptcy case is to establish the fact of insolvency of the debtor, in particular, monetary claims, should be more than 300 times the minimum wage.
As stated in the court records, as of 7 September, the outstanding balances specified on the judgment, less interest is 386,28 thousand UAH, which is less than 300 times the minimum wage (960 UAH). Thus, the court refused to initiate proceedings in the bankruptcy case of Energomashspetsstal.
Earlier it was reported that EMSS has signed contracts with two French steel mills of ArcelorMittal.