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ARMENIAN DEPUTY TIGRAN STEPANYAN DECLARED BANKRUPT BASED UPON PLEA OF VTB BANK (ARMENIA)
YEREVAN, July 11./ARKA/. In compliance with the order by Armenia's
Court of Cassation from May 29, 2013, Tigran Stepanyan, the deputy
of Armenian Parliament from Prosperous Armenia party, is declared
bankrupt, VTB Bank (Armenia) reported Thursday.
"In following the internal procedures of the VTB Bank (Armenia),
since November 2010 negotiations have been held with a deputy of
Armenian Parliament, a member of Human Rights Protection and Public
Issues Commission, borrower Tigran Stepanyan in connection with
non-fulfillment of debt obligations to the bank," the bank said.
Since November 2011 Tigran Stepanyan has been repeatedly notified by
the bank that trial proceedings may be initiated by the bank in case
if he does not fulfill his debt obligations.
On 10 September 2012, VTB Bank (Armenia) filed an involuntary
bankruptcy against Stepanyan.
At the current stage, an inventory of property is being processed.
VTB Bank (Armenia) joined VTB Group in April 2004. VTB, the second
largest bank of Russia, holds 100% of shares of Bank VTB (Armenia).
Bank VTB (Armenia) has 67 branches all over Armenia's territory. Bank
VTB (Armenia) is traditionally reckoned among leaders for general
indicators. -0-
- See more at:
http://arka.am/en/news/business/armenian_deputy_tigran_stepanyan_declared_bankrupt _based_upon_plea_of_vtb_bank_armenia/#sthash.6IeJOI8b.dpuf
YEREVAN, July 11./ARKA/. In compliance with the order by Armenia's
Court of Cassation from May 29, 2013, Tigran Stepanyan, the deputy
of Armenian Parliament from Prosperous Armenia party, is declared
bankrupt, VTB Bank (Armenia) reported Thursday.
"In following the internal procedures of the VTB Bank (Armenia),
since November 2010 negotiations have been held with a deputy of
Armenian Parliament, a member of Human Rights Protection and Public
Issues Commission, borrower Tigran Stepanyan in connection with
non-fulfillment of debt obligations to the bank," the bank said.
Since November 2011 Tigran Stepanyan has been repeatedly notified by
the bank that trial proceedings may be initiated by the bank in case
if he does not fulfill his debt obligations.
On 10 September 2012, VTB Bank (Armenia) filed an involuntary
bankruptcy against Stepanyan.
At the current stage, an inventory of property is being processed.
VTB Bank (Armenia) joined VTB Group in April 2004. VTB, the second
largest bank of Russia, holds 100% of shares of Bank VTB (Armenia).
Bank VTB (Armenia) has 67 branches all over Armenia's territory. Bank
VTB (Armenia) is traditionally reckoned among leaders for general
indicators. -0-
- See more at:
http://arka.am/en/news/business/armenian_deputy_tigran_stepanyan_declared_bankrupt _based_upon_plea_of_vtb_bank_armenia/#sthash.6IeJOI8b.dpuf