Bank Of Baku

$1 mln lawsuit filed by Russian bank against Azerbaijani MP and his brothers rejected

$1 mln lawsuit filed by Russian bank against Azerbaijani MP and his brothers rejected
# 14 November 2012 10:28 (UTC +04:00)

 

 

 

Russia-based Bank Nikoil appealed to Binagadi District Court claiming the repayment of the debt on the loan mortgage agreement. According to the suit, the total amount of the debt is AZN 879 618 000 ($1.1 miliion). Binagadi district court partially sustained the case. Baku Appeals Court partially cancelled the act and adopted a new resolution. Cassation appeal was filed against the decision.

MP Rafael Jabrayilov confirmed the fact to APA. “This is property dispute between my brothers and the bank,” he said.

 

 

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THE OPERATION IS BEING PERFORMED