Novosibirsk court began bankruptcy proceedings for an operator for the treatment of MSW – Then24

Posted: February 7, 2022 at 6:14 am

NOVOSIBIRSK, 7 February. /Then24/. The Novosibirsk Arbitration Court on Monday introduced a monitoring procedure in relation to the regional operator for the treatment of MSW Ecology-Novosibirsk LLC, which filed a lawsuit for self-bankruptcy due to a debt of 1.8 billion rubles, follows from the file of arbitration cases.

In early December, the companys management published a message about their intention to file for bankruptcy of their company due to debts to contractors. On December 21, the Arbitration Court of the Novosibirsk Region registered the companys claim for self-bankruptcy with a debt of over 1.8 billion rubles.

Information about the adopted judicial act the introduction of surveillance, the message says.

Since the beginning of 2019, the Novosibirsk Region has switched to a new municipal solid waste (MSW) management system. Ecology-Novosibirsk became the regional operator of MSW. In November 2019, the ex-head of the Ministry of Natural Resources of the Russian Federation Dmitry Kobylkin named 16 regions of the country where the problem of MSW removal is most acute. Novosibirsk region was among such regions. One of the main problems was the debt that the regional operator had accumulated to carriers and landfills at that time about 700 million rubles.

In December 2019, due to the current situation, several carriers announced their withdrawal from the market. In mid-April 2020, the relevant committee of the Legislative Assembly of the Novosibirsk Region approved a bill allowing the regional government to terminate the contract with the regional operator unilaterally. To pay off the debt to municipal enterprises, the reoperator offered to conclude tripartite agreements, the regions leadership is considering several options for resolving the debt, including termination of the contract with the reoperator and debt restructuring within two years.


Read the rest here:

Novosibirsk court began bankruptcy proceedings for an operator for the treatment of MSW - Then24

Related Post