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VEDA Wins Lawsuit against Penza’s Largest Utility

14 April 2017
VEDA’s lawyers have exhorted a Russian commercial court not to grant the application for execution in instalments as filed by Penza’s key utility company despite its allegation that a failure to do so may result in the town being disconnected from water supply.

Gorvodokanal LLC asked the Penza Regional Commercial Court to permit it to pay in instalments its debt of over RUB 5mln recovered in favour of MosvodokanalNIIproyekt JSC in case No. A49-7558/2015. In its application, the utility emphasised its financial hardships caused by the increase in its accounts receivable and its special social role as the only water supplier in Penza. Despite the importance of the arguments put forward by Gorvodokanal, we submitted certain important evidence that finally convinced the Court of the lack of any grounds for granting the utility’s application. 13 January 2017

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