WILL ELECTRONIC AUCTION BE CANCELED?
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Armenia’s Compulsory Execution Service (CES) is scheduled to put up the assets and the right of property of Bjni Company for electronic auction on December 19. The auction hasn’t started yet. There is no information about the pending auction available on the service’s website wither.
CES Spokesman Ruben Grzelyan couldn’t give us any definite information about the auction. Still yesterday it was supposed that the action would be canceled as one of the creditors -“Saturn ShinMontaj” brought in an action against recognising the bankruptcy of Bjni Ltd. The Northern Civil Court noted the claim and appointed a temporary administrator.
Grzelyan says they haven’t got an official recognition of the company’s bankruptcy which would allow them to cancel the auction.
Ruben Grzelyan also added that yesterday the company’s administration petitioned them to withdraw the action relying on the court’s decision. “They have attached a copy of the court decision to the petition. Yet, we cannot dismiss the case on that ground. The court must officially inform us about its decision,” note the CES Spokesman. He promised to give us a concrete answer within two hours.
Advocate of the Bjni Company Ara Zohrabyan noted that if a suit is filed against bankruptcy, the Service of Compulsory Execution must dismiss the case.
