Bulgargaz demands that Shumen DHC declare insolvency

The Shumen District Court initiated legal proceedings against Shumen DHC for declaring the insolvency of the company, announced BGNES. The claim was filed by Bulgargaz which lodged its plea with the Shumen District Court on October 4, explained the presiding judge, Nelly Batanova. In September, Bulgargaz CEO, Dimitar Gogov explained that the company is preparing documents for lodging a claim against the Shumen heating utility. The company's overdue debts to the gas supplier amount to BGN 18 mln, while annual fuel consumption reaches about BGN 3 mln. Shumen DHC has been experiencing financial problems with its payments over the last 6 years, while, since March until now, the company has not transferred any funds to Bulgargaz. The deal with Titan-AC SPLTD, which bid to purchase the indebted DHC, also failed.

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