Sverdlovsk Region Arbitration Court put off the hearing of the case involving the founder of Omega Group Holding Oleg Fleganov till August 26, 2011, the court’s press officer says. The court will have to consider Fleganov’s insolvency status.

According to the data on this case available via the arbitration court’s website, the decision to put off the hearing had to do with a petition of the provisional trustee, who was unable to provide a report on his activity or the information on the debtor’s financial state. Now according to these files, Fleganov’s assets are worth 54m RUR, which is not enough to meet his creditors’ claims.

The claim against Oleg Fleganov was placed with the court by the Federal Tax Service’s Oktyabrsky division of Yekaterinburg on April 15, 2011. The Service wanted the defendant to be declared bankrupt. In fact, the court had already ruled that the business had to undergo bankruptcy proceedings a bit earlier.