CBR reports on termination of activity of provisional administration
OREANDA-NEWS. March 28, 2016. Due to the ruling of the Court of Arbitration of Moscow, dated 15 March 2016, with regard to case No. А40-252156/2015-184-85, on recognising insolvent (bankrupt) the credit institution RUSSIAN CONSTRUCTION BANK, joint-stock company, (Bank of Russia registration No. 3205, date of registration: 27 January 1995), and appointing a receiver in compliance with Clause 3 of Article 18927 of the Federal Law ‘On the Insolvency (Bankruptcy)’, the Bank of Russia took a decision (Order No. OD-984, dated 23 March 2016) to terminate the activity of the provisional administration of the credit institution RUSSIAN CONSTRUCTION BANK, Joint-Stock Company, appointed by Bank of Russia Order No. OD-3660, dated 18 December 2015, ‘On the Appointment of the Provisional Administration to the Moscow-based Credit Institution RUSSIAN CONSTRUCTION BANK, Joint-Stock Company, or JSC RUSSTROYBANK Due to the Revocation of its Banking Licence’.
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