“BJNI” SOLD AT A CHEAP PRICE

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Director General of the “Bjni” mineral water factory” CJSC Laert Harutyunyan mediated enforcement officer of the RA Justice Ministry’s Service for Compulsory Enforcement of Judicial Acts Mihran Poghosyan to terminate the case of “Bjni” because the reserve price to be presented in the auction will be lower than the demanded amount.

The Service for Compulsory Enforcement of Judicial Acts is planning to put the assets and rights to assets of the Sukiasyan family’s “Bjni” mineral water factory up for a compulsory electronic auction starting February 5. Nobody made an offer during yesterday’s auction. The SCEJA had fixed 4 billion 935 million drams as a reserve price.

According to the RA law on “Public bargaining”, if the auction hasn’t taken place due to lack of buyers or no addition to the reserve price for the lot, the reserve price of the lot is reduced by 10 percent of the reserve price fixed for the previous auction during the next compulsory auction. Thus, another auction will be set for February 5 and the lot will lose 10 percent of the price, in other words, the reserve price for the next electronic auction will be fixed at 4 billion 441 million 448 thousand 938 drams.

“Bjni” is being put up for auction so that it can compensate for the debt of the state budget. According to the decision of the compulsory enforcement officer, a total of 4 billion 355 million 972 thousand 913 drams must be confiscated for the state budget, as well as a state fee and for executive activities.

According to the RA law on “Bankruptcy”, the assets are considered unsatisfactory if the evaluated or reserve price for sale of assets is lower than the demanded amount.

“According to the law, the compulsory enforcement office must immediately stop the auction and file for bankruptcy because the reserve price is lower than the demanded amount,” says Laert Harutyunyan. The latter also informs that the real estate of the company is put up auction for “ArmEconomBank” JSC, while the lawsuit filed by “ArmEconomBank” against the company is under examination by the RA Northern Civil Court.

According to the 1st part of article 50 of the RA law on “Compulsory Enforcement of Judicial Acts”, taking into account the fact that the auctioneer has presented his claim to the company, the sum that comes from the auction (167,807,628 drams of “ArmEconomBank”) must be transferred to the auctioneer. The 2nd part of article 6 of the RA law on “Bankruptcy” compels the enforcement officer to terminate the case immediately,” says the director.

The director has presented the mediation for terminating the compulsory auction Head of the Service for Compulsory Enforcement of Judicial Acts of the Kotayk Marz, the compulsory enforcement officer, Serzh Sargsyan, the Prime Minister, the Justice Minister, the Prosecutor General, the RA Ombudsman, foreign ambassadors and “Bjni” shareholders