(extraction)
of June 15, 2005 No. 10-0514/617
The procedure of holding general shareholder meeting shall conform to requirements of the Law of the Republic of Uzbekistan "About joint-stock companies and protection of shareholder rights"
JSC Tashkentskoye proizvodstvennoye obuvnoye objedineniye N1 appealed to economic court with the claim to the RUZ foreign trade activities National Bank and JV Alta LTD for recognition invalid the protocol of JSC Tashkentskoye proizvodstvennoye obuvnoye objedineniye N1 general shareholder meeting of August 27, 1996 for N4 and the agreement of pledge of the October 23, 1996 signed between the RUZ foreign trade activities National Bank and JSC Tashkentskoye proizvodstvennoye obuvnoye objedineniye N1.
The RUZ foreign trade activities National Bank appealed to economic court with the claim to the joint-stock company "The Tashkent production shoe association of N1 about compulsion of the defendant to perform registration of the agreement of pledge in service of the inventory of the real estate.
Are combined by determination of economic court of case on claims of JSC Tashkentskoye proizvodstvennoye obuvnoye objedineniye N1 and the RUZ foreign trade activities National Bank in one production.
The requirement of JSC Tashkentskoye proizvodstvennoye obuvnoye objedineniye N1 is met by the decision of economic court completely. Satisfaction of claims of the RUZ foreign trade activities National Bank it is refused.
In appellate instance case was not considered.
Without having agreed with the decision, the RUZ foreign trade activities National Bank appealed to the Supreme Economic Court with the writ of appeal in which it asks the decision to cancel, the requirement of bank to satisfy, and to leave the claim of JSC Tashkentskoye proizvodstvennoye obuvnoye objedineniye N1 without satisfaction.
Judicial board, having studied case papers, having discussed arguments of the writ of appeal, considers the claim not reasonable on the following bases.
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