Moscow court upheld claims Turanalem Finans to the mortgage company at 1.7 billion rubles

/IRBIS, October 13, 2010/ - The Moscow Arbitration Court on Tuesday decided to recover from the largest non-bank refinancing company ATTA Ipoteka 1.175 billion under the claim of Russian" daughter "Kazakhstan's BTA Bank Turanalem Finans," according to Russian news agency the legal and judicial information (rape). As stated, the court to foreclose on the mortgaged property and set the initial purchase price of property in the amount of 855 million rubles. It is reported that the plaintiff said in court that in March 2005, the parties signed a loan agreement for 855 million rubles. TuranAlem Finance "money transferred. The term of the loan was due in October 2009, but so far, "ATTA Mortgage" debt is not repaid. Plaintiff requested to collect the principal debt, interest and penalty, as well as to foreclose the mortgaged property. Also pointed out that, in addition, capital arbitrage has decided to seek for another lawsuit TuranAlem Finance "to" ATTA Mortgage 545.9 million. The lawsuit related to the debt under a loan agreement for 400 million rubles, signed in March 2006. According to the plaintiff, the borrower had to repay the debt in October 2009 but has not fulfilled obligations. The Court also drew the penalty on the mortgaged property by setting the initial sale price of bonds in the amount of 400 million rubles. Turanalem Finans "filed on June 4 to five lawsuits LLC ATTA Mortgage" totaling $ 4.112 billion, the biggest demand - to recover 1.175 billion. At the same time in the files of the Moscow Arbitration recorded several lawsuits "ATTA Mortgage" to "TuranAlem Finance", most of them - to invalidate the contract between the parties. The Court of First Instance, in particular, has already rejected claims by two loan agreements - to 855 million rubles and 400 million rubles. Turanalem Finans "- a 100 percent subsidiary of BTA." It was formed in 2004 in Moscow with the purpose of raising funds for the bank through the issuance of ruble-denominated bonds and bills. LLC ATTA Mortgage (formerly - BTA Mortgage) - Russia's largest non-bank refinancing company, established in 2005, the website of the company. [2010-10-13]