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"BJNI" SOLD AT A CHEAP PRICE
A1+
[07:37 pm] 03 February, 2009
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
A1+
[07:37 pm] 03 February, 2009
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