Communicated by the Russian Agency for Legal and Judicial Information
The Federal Arbitration Court for the North-Western District has upheld the judgment passed by the inferior courts that denied Vologda Retail Company, JSC (Vologdaenergosbyt) reconsideration of the case on collection of 642.14 mln RUR for the benefit of IDGC of the North-West, JSC.
“The courts applied material and procedural law norms correctly, in which connection the cassational instance finds no grounds to evaluate the courts' conclusions otherwise or to cancel the judicial acts being appealed,” reads the cassational arbitration judgment.
The retail company appealed against the judicial decree passed by the Vologda Region court in July and upheld by the Fourteenth Appeal Arbitration Court last December.