The court declared the logistics company PickPoint bankrupt. Bankruptcy proceedings were opened against the company. PickPoint filed for bankruptcy in April 2023, including due to debts to counterparties.

The court declared the logistics company PickPoint bankrupt

The Moscow Arbitration Court declared the PickPoint logistics service bankrupt. TASS writes about this.

Bankruptcy proceedings have been initiated against Network of Automated Dispensing Points LLC. The company’s property will be sold to pay off debts, the volume of which, according to the Unified State Register of Legal Entities, amounts to more than 138 million rubles.

PickPoint filed for bankruptcy in April 2023. The company’s management cited accrued obligations to counterparties as one of the reasons for closing the business. A surveillance procedure for PickPoint was introduced in July 2023.

As of August 2023, PickPoint’s debt was estimated at 2.6 billion rubles, of which 1 billion was debt to Sberbank.

Author:

Kirill Bilyk

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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