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On termination of activity of provisional administration

26 February 2016
Press release

Due to the ruling of the Court of Arbitration of Moscow, dated 28 January 2016, with regard to case No. А40-246319/15-174-385, on recognising insolvent (bankrupt) the credit institution Non-Bank Credit Institution Tor Credit, limited liability company (Bank of Russia registration No. 3497-D, date of registration is 15 June 2009), 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-679, dated 26 February 2016) to terminate from 26 February 2016 the activity of the provisional administration of the credit institution Non-Bank Credit Institution Tor Credit, limited liability company, appointed by Bank of Russia Order No. OD-3104, dated 10 November 2015, ‘On the Appointment of the Provisional Administration to the Moscow-based Credit Institution Non-Bank Credit Institution Tor Credit, Limited Liability Company, or LLC NCI Tor Credit Due to the Revocation of Its Banking Licence’.


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