GAP "Resurs" revealed a plan to take over the Timashevskaya poultry farm

The COURT was considering an application for a settlement agreement with creditors, agreed upon at a meeting held in June at the initiative of the Tokarevskaya poultry farm. 

The bankruptcy procedure of Timashevskaya Poultry Farm LLC was launched in 2019 following a claim by a branch of Rosselkhozbank in the Republic of Tatarstan . Previously, the enterprise in the village of Sadgorod was controlled by businessmen Ilshat Tukaev and Rafael Faizov. A debt of 933.4 million rubles was formed after the poultry farm vouched for the Bugulma Reproduct feed mill, controlled by Tukaev. Later, Sberbank joined the process with a claim amounting to 1.5 billion rubles.

In 2021, the Timashevsk poultry farm was declared bankrupt, but soon it was recognized as a systemically important enterprise in the Samara region and the monitoring procedure was slowed down. In addition, with the support of the local government, it was possible to challenge the legality of a number of Tukaev’s credit schemes, because of which the enterprise became a debtor for loans to which it had nothing to do.

At the end of 2023, the debt obligations to the bank were purchased by GAP Resurs. The legal successor in the arbitration process was its division in the Tambov region - Tokarevskaya Poultry Farm, and the shares of Tukaev and Faizov were acquired by one of the managers of the holding - Vitaly Vasko.

To date, the settlement agreement identifies six bankruptcy creditors: RiskInvest JSC with a claim amount of 1.7 billion rubles, Ilshat Tukaev (26.8 million rubles), NovaCorm LLC (about 1.7 million rubles), TSK LLC "(323.3 thousand rubles), as well as LLC "Trading Company "Resurs-Volga" controlled by State Enterprise "Resurs" (600.4 million rubles) and LLC "Tokarevskaya Poultry Farm" (1.5 billion rubles). It is assumed that Vitaly Vasko will become the legal successor of the first two creditors, and thus GAP Resurs will accumulate the bulk of the debt.

The current creditor of the Timashevskaya poultry farm, Samara Feed Mill LLC, included in the 5th stage of the register, expressed doubt that its claims (49 million rubles) would be satisfied after emerging from bankruptcy and protested the settlement agreement.

The bankruptcy trustee of Timashevskaya Poultry Farm LLC, Dmitry Biserov, stated that the consequences of the settlement agreement take into account the satisfaction of the demands of current creditors, while the position of the Samara Feed Mill is designed for priority repayment of debts.

According to Biserov, if bankruptcy continues, the property of Timashevskaya Poultry Farm LLC worth 2.4 billion rubles (including 1.8 billion rubles secured by collateral) will be put up for auction in one lot, after which the starting price may be reduced to 1 billion rubles, while the total amount of claims is about 4.5 billion rubles.

The bankruptcy trustee explained that the Tokarevskaya Poultry Farm proposed a financial model that involved issuing a convertible loan to the debtor company in order to gain control over the asset. According to potential investor calculations, by 2029 the cash flow should increase to 5 billion rubles.

After hearing the parties, the court retired for a week's break, taking a break until August 14.