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Arbitration Court rules to postpone Yukos creditor session

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MOSCOW, June 8 (RIA Novosti) - Moscow's Arbitration Court ruled Thursday that the first meeting of creditors of the beleaguered Yukos oil company slated for June 16 should be postponed.

The court said it needed time to decide on requests from Yukos creditors to include them into a register of creditors suing the company.

Yukos' main creditors are Rosneft ($482 million), Yuganskneftegaz (75 billion rubles, or about $3 billion), Tomskneft-VNK (12.3 billion rubles, or $457.6 million), and Samaraneftegaz (1.85 billion rubles, or $69 million).

On March 28, the Moscow Arbitration Court ordered a bankruptcy supervisor to oversee Yukos's finances at a request from foreign creditor banks who said the company owed them $482 million.

That debt was later assumed by state oil firm Rosneft, which took possession of Yukos' main production arm, Yuganskneftegaz, following a government-organized fire sale of Yukos assets to clear the embattled oil firm's back tax debts.

The court Thursday also postponed until June 14 a ruling on a request from the tax authorities to be included in the list of Yukos creditors with a suit of 353.8 billion rubles ($13 billion), and from Siberian Internet Company, which supplied software to Yukos and is claiming 74.4 million rubles ($2.8 million). Requests from Yukos-Moscow (933 million rubles, or $35 million) and an aviation industry economics research institute (27.4 million rubles, or $945,000) were put off until June 22.

The court also said it would consider a Yukos appeal to suspend bankruptcy proceedings later.

The court had scheduled hearings on the company's bankruptcy for June 27, but the date will now have to be moved because of delayed creditors' session.

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