Is bid submitted by Ruben Hayrapetyan?

Support A1+!

The electronic auction of the assets and premises of Bjni mineral water plant is illegal, says Advocate Ara Zohrabyan. He says the company will litigate the auction validity until is recognised invalid.

"We are ready to appeal to all instances including the European Court of Human Rights to achieve our goal and recognise the auction null and void," says the advocate.

Note that an auction is found as illegal under Article 6 of the RA Law on Bankruptcy.

"Under the acting law, the Judicial Acts Compulsory Enforcement Service of the Ministry of Justice was to discontinue the case and file a motion to recognise the company as bankrupt as the sum received after the auction will not suffice the debtors to meet the writ of execution," said Ara Zohrabyan.

"This suggest that 16, 67 % of the money (4 500 000 drams) paid for the company must be paid to the state budget and the rest - to the debtors. But the sum won't be enough to recoup the debt. It means the Compulsory Enforcement Service mustn't have held the auction," added the advocate.

The name of the purchaser is still kept in secret.

According to our sources, Bjni has been bought by Republican Ruben Hairapetyan, President of the Armenian Football Federation. We tried to find out whether the rumours correspond to reality but we were told that Mr. Hairapetyan is not in Yerevan.

The name of the buyer will be divulged within three days.