OREANDA-NEWS. August 14, 2012. Ingosstrakh Insurance Company is preparing two lawsuits to the Court of Arbitration of Kursk Region about business reputation protection and collection of non-material (reputational damage) against Sapfir LLC  and Agrostroytechnology LLC  for the sum of 10 m rubles per each lawsuit. The reason for such claims was filing ungrounded lawsuits to Moscow Court of Arbitration about declaration of Ingosstrakh Insurance Company insolvent (bankrupt).

Ingosstrakh Insurance Company and Sapfir LLC  concluded an insurance agreement for harvest of crops (winter wheat) for the term from 18.12.2009 to 31.08.2010, the insurance sum under the agreement is 40 290 937.06 rubles. Despite the substantial violations of agreement conditions, committed by the insurant, the court collected the sum of insurance indemnity from Ingosstrakh Insurance Company in connection with harvest destruction, thus making it not obligatory to adhere to agreement conditions on the insurant part.

Instead of taking accessible and reasonable measures to receive the collected funds from Ingosstrakh Insurance Company, Sapfir LLC  sent an application to Moscow Court of Arbitration about acknowledgement the debtor bankrupt.

The said application was made without consideration of the debtor’s financial standing and without taking exhaustive measures to receive the funds in a pre-trial procedure, which is regarded by Ingosstrakh Insurance Company as abuse of right.

Ingosstrakh Insurance Company performs its obligations, established by legal acts, in good faith. The payment under the judicial act for the benefit of Sapfir LLC  was not an exception: The decision was executed in full on 07.08.2012.