RESOLUTION OF THE SUPREME COURT OF THE KYRGYZ REPUBLIC

of December 13, 2007

Case No. 07-000275.ED

Judicial board on administrative and economic cases of the Supreme Court of the Kyrgyz Republic in structure:

Chairman: First Deputy Chairman of the Supreme Court of the Kyrgyz Republic Davletov A. A.,

judges: Usenova A. T., Sadykova E. E.,

in case of the court clerk Momunbayeva A.,

with participation: from the Ministry of Finance of the Kyrgyz Republic and JSC Kyrgyzpromstroybank Zhamangulov Zh. Zh. (Dov. of 22.10.07), the CEO of JSC Envod Danakeeva Ch. Yu., Okunova A., representative Dayrakunovy T. E. Dayrakunova U. (Dov. of 14.10.06),

having considered in judicial session the supervising claim of the Ministry of Finance of the Kyrgyz Republic to the decision of interdistrict court of the city of Bishkek of October 5, 2006 and the resolution of judicial board on administrative and economic cases of the Bishkek city court of July 13, 2007 on case on the claim of the Ministry of Finance of the Kyrgyz Republic to state of emergency Okunov and to the citizen Dayrakunova T. E. about collection of credit debt 14681, 53 Euros by the address of collection for pledged property, according to the counter action state of emergency "Okunov" to the Ministry of Finance of the Kyrgyz Republic, JSC Kyrgyzpromstroybank about recognition invalid the credit agreement of November 24, 1999 and application of effects of invalidity of the transaction,

(The judges who adopted court resolutions: Nurunbetov Zh. B., Bazarkulov K. K., Beysekeev E. T., Dzhuzenova S.A.)

ESTABLISHED:

JSC Kyrgyzpromstroybank operating by proxy the Ministries of Finance of the Kyrgyz Republic took a legal action with the claim to state of emergency Okunov and to the citizen Dayrakunova T. E. about collection of credit debt 14681, 53 Euros by the address of collection for pledged property.

By the claimant it is specified that according to the credit agreement of November 24, 1999 state of emergency Okunov was granted the loan in the amount of 16300 DM or 8334, to Euro for a period of 4 years under 9 annual interest rates with delay on payment of principal debt for 1 year. In providing obligations the apartment house which is to Bishkek, Ulitsa M. Zhalilya, 257, belonging to Dayrakunova T. E. is provided as a deposit.

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