The National Bank was allowed by a court ruling to begin selling the property of Stanislavskaya Trading Company LLC.
STK is one of the guarantors for stabilization loans of PJSC KB Financial Initiative to the National Bank.
The National Bank of Ukraine can now sell the property of LLC STK in Yaremche, Ivano-Frankivsk region, to pay off the debt on stabilization loans of PJSC CB Financial Initiative to the NBU. This was made possible by the court's decision to uphold the foreclosure on the specified land plot.
LLC Stanislavskaya Trading Company is a guarantor for stabilization loans of PJSC CB Financial Initiative to the National Bank.
The National Bank now has the right to proceed with the forced sale of mortgage property, allowing the funds from the sale of the land plot to be used to repay the loan debt of Financial Initiative Bank to the National Bank.
Recall that in 2009 Stanislavskaya Torgovaya Kompaniya LLC entered into a mortgage agreement with the National Bank, including for a land plot of 2.0549 hectares in Yaremche, Ivano-Frankivsk region, in order to ensure the fulfillment of obligations under the stabilization loans.
In 2018, the National Bank filed a lawsuit to foreclose the land plot due to the unpaid loans of PJSC CB Financial Initiative.
The Economic Court of the city of Kyiv initiated bankruptcy proceedings for STK LLC in 2020, and the case on foreclosure of the mortgage was transferred accordingly.
The Supreme Court canceled the bankruptcy order of STK LLC in December 2021, allowing the consideration of the case on foreclosure in the Economic Court of the city of Kyiv to proceed.
Several court decisions were made between 2018-2021 to foreclose on the real estate of Stanislavskaya Trading Company LLC, resulting in the repayment of the debt of PJSC CB Financial Initiative to the National Bank.
On June 23, 2015, the National Bank of Ukraine decided to classify PJSC “CB “Financial Initiative” as insolvent.
The total debt of PJSC “CB “Financial Initiative” for all granted refinancing loans as of December 1, 2022 amounted to 7.1 billion UAH.
DOSSIER: Oleg Bakhmatyuk: a billionaire from an egg. PART 1
Alfa-Bank sells three shopping centers “Kvadrat” of Bakhmatyuk
Bakhmatyuk congratulated the National Bank on a Pyrrhic victory: due to the shutdown of the Ivano-Frankivsk distillery, the budget lost UAH 150 million a year
