ATB Universal Bank responded to a case involving the builder of new houses sold to people in Ferghana being foreclosed due to debts, leaving 46 families on the street. According to the bank, the assets belonging to the construction company were not sold at auction by the bank, but by the court administrator to cover the debt of 23.9 billion sums to the company’s creditors.
In Kun.uz, new houses sold to people in Baghdad’s Fergana district were written off due to the builder’s debt, 46 families who moved into the houses and had no other housing were found to be independent. Notification of an inquiry about an upcoming stay was done. ATB Universal Bank responded to this situation.
According to the bank, the assets of the private company “Saddinso-Khabibullo” were not auctioned by the bank, but by the court administrator.
“Muruvvat” Yosh Avlod MFY, Baghdad district, Fergana province, which belongs to a private enterprise, allocated under the loan agreement concluded between the operating department of ATB Universal Bank and the borrower private enterprise “Saddinso-Khabibullo” 5-storey residential complexes located in Cha along with land use rights houses 42 and 46 submitted a mortgage agreement.
The company’s total debt to the bank is 745.18 million sums as of today.
According to the decision of the Tashkent Interdistrict Economic Court dated August 21, 2023, the private enterprise “Saddinso-Khabibullo” was declared insolvent and liquidation proceedings were initiated without stopping the debtor H. Teshaboyev’s activities. Pursuant to Section 141 of the Bankruptcy Act, it is established that the authority of the head of the enterprise is canceled and all authority is transferred to the liquidator at the time of initiation of liquidation proceedings.
According to the requirements of § 62 of the Act “On processing of court documents and documents of other bodies”, it is stated that all works of the collection will be transferred to the administrator of judicial liquidation from the moment of initiation of liquidation proceedings against sp. business.
Also, the property belonging to the private enterprise “Saddinso-Khabibullo” was not released by ATB Universal Bank for sale on the trading platform www.e-auksion.uz, but was executed by the court administrator in order to cover the debt of 23.9 billion sums to the creditors of the private enterprise.
On the part of the bank, the apartments in the 42nd and 46th buildings of the 5-story residential complex located on the street “Muruvvat” MFY Yosh Avlod, Baghdad district, Fergana region, are not subject to auction sale or forced eviction of the apartment. owners, which act was not committed. The citizens who live there were not asked to vacate the apartments.
Before and after the allocation of credit to the accounts of the private enterprise “Saddinso-Khabibullo”, citizens did not pay for apartments in buildings 42 and 46, located on “Muruvat” street of MFY Yosh Avlod, Baghdad district, Fergana region. what funds have not arrived. Although the citizens have a share contract, the company made payments to company officials, not to a bank account. A bank loan could disappear from loans.
Clause 16 of the mortgage agreement states that “the undeveloped property has not been transferred to another person, there is no dispute, no prohibition and arrest has been made until this agreement is signed.”
As stated in the article, the fact that prior to the mortgage of the apartment buildings, share agreements were concluded between citizens and heads of private enterprises and that they were not paid for them Shooting If the share agreements were concluded before the signing of the mortgage agreement, why was it not reported at the notary’s office? If it is concluded after the formalization of the mortgage agreement, it is considered to be in violation of the requirements of Article 9 of the mortgage agreement and the law “on mortgages”.
In the article published on the editor’s website, there is a list of the company’s creditors without mentioning the names of the creditors who have 10.1 percent, 32.1 percent, 35.3 percent of the total indebtedness (23.9 billion sums), only the name of ATB Universal Bank is mentioned. which has 3.4 percent ownership, makes readers understand that ATB Universal Bank is the sole cause of these cases,” the bank said in a statement.
The bank added that in this case, the solution to the problem of releasing mortgages is not to erase the loan debt. If the private business “Saddinso-Khabibullo” satisfies the demands of other creditors besides the bank, the problem can be solved.
