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Armenia's bailiff service evicts Sports and Concert Complex from building
YEREVAN, July 31. /ARKA/. Armenia's state bailiff service made a
decision to evict the Sports and Concert Complex (SCC) after Karen
Demirchyan cjsc from the building of SCC, the press office of the
bailiff service reported.
In response to the statements that the debtor was not informed, the
bailiff service says the decision was submitted to the authorized
person of SCC Armine Hakobyan who refused to sign upon receipt. The
detailed information on the case is on
https://www.youtube.com/watch?v=tYEjGa42wuE, the service says.
The writ of execution from the first instance court of Centre and
Nork-Marash districts says the Sports and Concert Complex closed joint
stock company has to pay 10,207,755,909.51 drams to the republic of
Armenia budget.
On April 15 2014 the bailiff service decided to commission an expert
evaluation. Experts assessed the property at 25.8 billion drams, and
the bailiff service made a decision on forced sale through an online
auction. The starting price was set at 75% of the assessed value, i.e.
at 19.35 billion drams.
There are other proceedings for enforcement against the Sports and
Concert Complex worth a total of 511,992,968 drams.
Total area of the Complex is 46,335.7 square meters, without
additional premises and the swimming pool. There are 95,595.87 square
meters of dwelling area in the territory. The lot is a secured
property.
The Sports and Concert Complex after Karen Demirchyan was built in
1983. In October 2005, the Complex was sold to BAMO Russian
construction holding for $5.7 million. The holding obliged to
reconstruct the complex. The reconstruction took almost three years
and cost about $42 million.
The Sports and Concert Complex after Demirchyan is considered a
masterpiece of the late Soviet architecture. -0--
- See more at: http://arka.am/en/news/economy/armenia_s_bailiff_service_evicts_sports_and_concer t_complex_from_building/#sthash.mUBU0coE.dpuf
From: A. Papazian
YEREVAN, July 31. /ARKA/. Armenia's state bailiff service made a
decision to evict the Sports and Concert Complex (SCC) after Karen
Demirchyan cjsc from the building of SCC, the press office of the
bailiff service reported.
In response to the statements that the debtor was not informed, the
bailiff service says the decision was submitted to the authorized
person of SCC Armine Hakobyan who refused to sign upon receipt. The
detailed information on the case is on
https://www.youtube.com/watch?v=tYEjGa42wuE, the service says.
The writ of execution from the first instance court of Centre and
Nork-Marash districts says the Sports and Concert Complex closed joint
stock company has to pay 10,207,755,909.51 drams to the republic of
Armenia budget.
On April 15 2014 the bailiff service decided to commission an expert
evaluation. Experts assessed the property at 25.8 billion drams, and
the bailiff service made a decision on forced sale through an online
auction. The starting price was set at 75% of the assessed value, i.e.
at 19.35 billion drams.
There are other proceedings for enforcement against the Sports and
Concert Complex worth a total of 511,992,968 drams.
Total area of the Complex is 46,335.7 square meters, without
additional premises and the swimming pool. There are 95,595.87 square
meters of dwelling area in the territory. The lot is a secured
property.
The Sports and Concert Complex after Karen Demirchyan was built in
1983. In October 2005, the Complex was sold to BAMO Russian
construction holding for $5.7 million. The holding obliged to
reconstruct the complex. The reconstruction took almost three years
and cost about $42 million.
The Sports and Concert Complex after Demirchyan is considered a
masterpiece of the late Soviet architecture. -0--
- See more at: http://arka.am/en/news/economy/armenia_s_bailiff_service_evicts_sports_and_concer t_complex_from_building/#sthash.mUBU0coE.dpuf
From: A. Papazian