Court introduces surveillance procedure at Luga Meat Processing Plant

Court introduces surveillance procedure at Luga Meat Processing Plant
Photo is illustrative in nature. From open sources.

"Recognize the application of the joint-stock company" Luga MEAT Processing Plant "as justified and introduce a bankruptcy procedure in relation to it - observation. Pedchenko Tatyana Nikolaevna is approved as an interim manager," the ruling in the case says.

Consideration of the interim manager's report and the issue of declaring the enterprise bankrupt is scheduled for September 6.

JSC Luga Meat Processing Plant filed for bankruptcy on January 27 due to debts to creditors, taxes and wages. The amount of debt is more than 1.5 billion rubles, follows from the case file.

According to information from open sources, in 2022 the company's revenue decreased by 63% - to 589 thousand rubles, and the net loss amounted to 43.4 million rubles.