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RBC, 29 Oct 1999, Moscow 09:39:16

Vnesheconombank Demands NTV+ TV Company To Repay Its Debt (Nezavisimaya Newspaper)


NTV+ TV company continues fighting against Vnesheconombank, the Nezavisimaya newspaper reported. Despite the decision of the court, which ruled in favor of the bank, the TV company does not want to repay its debt, which amounts to $21 million. Representative of the Media-Most press service Dmitry Ostalsky declared NTV+ has already repaid its debt to the bank by rendering it the company's bonds. Vnesheconombank, however, did not acknowledge the fact of the debt repayment. The TV company applied to the Moscow Arbitration court, which will consider the case today.