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ELECTRONIC AUCTION OF BJNI TO RESUME TODAY

Economy


The Armenian Justice Ministry’s Service for the Mandatory Execution of Judicial Acts (SMEJA) will resume the electronic auction of the Bjni mineral water plant owned by the Sukiasian family January 23. The e-auction began on December 19 but was suspended by another court several days later.


On January 14 Ani Print Ltd filed a lawsuit to recognise Bjni’s bankruptcy. The court refused to declare the bottler bankrupt. A1+ tried to learn the reasons for the refusal but Judge Surent Antonyan said the law forbids making comments.


Remind that on December 30 the court had refused another bankruptcy lawsuit filed by an obscure construction firm that claimed to be owed money by Bjni.


“The court’s decision is unfounded and illegal. Surely, Bjni cannot appeal against the court decision. I cannot say for sure what Ani Print will do. Most likely it will also lodge an appeal,” Ara Zohrabian, a Bjni lawyer, said to A1+. He finds the decision illegal since the court does not ground for SMEJA’s crackdown on Bjni. Hence, Bjni cannot meet its commitments.


“The Law on Bankruptcy foresees two cases of refusal. Firstly, if there is a court decision recognising the debtor insolvent and secondly, when a bankruptcy lawsuit is against a person who cannot be recognised as debtor by law. We have neither of them in case of Bjni,” said Mr. Zohrabian.


The e-auction of the Bjni mineral water plant will last ten days. The company’s assets and premises in the central town of Charentsavan and in the village of Bjni are put up for electronic auction. The plant is priced 6 milliard 580 million drams (over 21.50 million dollars). The starting price is 4 milliard 935 million drams.