CBR reports on termination of activity of provisional administration
OREANDA-NEWS. October 23, 2015. Due to the ruling of the Arbitration court of the city of Moscow (case No. А40-153832/15), dated 2 October 2015, on the forced liquidation of the Credit Institution Commercial Bank Settlement and Savings Bank, limited liability company (Bank of Russia Registration No. 2617, date of registration — 17 December 1993), and the appointment of a liquidator, in compliance with Clause 3 of Article 18927 of the Federal Law ‘On the Insolvency (Bankruptcy)’, Bank of Russia took a decision (Order No. OD-2880, dated 22 October 2015) to terminate from 23 October 2015 the activity of the provisional administration of the Credit Institution Commercial Bank Settlement and Savings Bank, limited liability company, appointed by Bank of Russia Order No. OD-1916, dated 3 August 2015, ‘On Appointing Provisional Administration to Manage the Moscow-based Credit Institution Commercial Bank Settlement and Savings Bank, limited liability company, LLC CB Settlement and Savings Bank Due to the Revocation of its Banking Licence’.
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