Magneton could not challenge the decision on the tax debt

Vladimir plant "Magneton" lost the next stage of the trial associated with a multibillion-dollar tax debt. On November 10, the Arbitration Court of the Moscow District rejected the appeal of the company and related companies.

The main debtor in the case is the organization “Soyuznychrome”. During the proceedings, the court found that after the start of the tax audit, the company began to redistribute assets, employees and contracts, including transferring them to Magneton. These circumstances led to the conclusion about the interdependence of enterprises.

Representatives of the companies insisted that the payment of debts could lead to bankruptcy, production stoppage and failure of obligations under government contracts. However, these arguments did not help to overturn previous court decisions.

Problems at Magneton also arose in the personnel sphere. High staff turnover and change of managers were reported earlier, and employees complained about delays in payments and unpaid bonuses in full. At the same time, the regional authorities stated that there were no mass cuts and wage arrears at the enterprise.