Almaty regional economical court suspends case on bankruptcy of Transstroymost (Kazakhstan), rules to apply a three year rehabilitation instead

14.08.09, 17:15
/KASE, August 14, 09/ - Transstroymost (Almaty oblast), bonds of which are listed on Kazakhstan Stock Exchange (KASE), provided KASE with a copy of ruling of Special inter-regional economical court dated July 30, 2009. Almaty regional economical court ruled: Quotation beginning The court ruled to suspend a bankruptcy case on application of Transstroymost, BTA Bank's subsidiary APF BTA Kazakhstan. The court ruled to apply a three year rehabilitation program in regard of Transstroymost beginning the effective date of the decision, approve the rehabilitation plan, order an authorized body the Committee handling insolvent debtors of the Ministry of Finance of the Republic of Kazakhstan in a five day term since the decision, to appoint a rehabilitation manager, and oblige the rehabilitation manager to conduct the rehabilitation in compliance with the bankruptcy legislation. The ruling may be appealed within fifteen days in Almaty regional court through the Special interregional economical court of Almaty oblast. Quotation end A copy of the ruling of the Special Almaty interregional economical court is available at the KASE website at: http://www.kase.kz/files/mix/tssm_sud_09_07_30.pdf The related links are: - KASE news dated July 27, 2009 "Transstroymost (Kazakhstan) confirms Special Almaty interregional economical court begins bankruptcy case" - http://www.kase.kz/en/news/show/1079522 - A copy of application of Transstroymost to Special Almaty interregional economical court on bankruptcy due to its insolvency and rehabilitation - http://www.kase.kz/files/mix/tssm_letter_130709.pdf - KASE news dated July 24, 2009 "Special Almaty interregional economical court begins bankruptcy proceedings against Transstroymost (Kazakhstan)" - http://www.kase.kz/en/news/show/1079396 [2009-08-14]