Uzbekistan

The company's 9 billion UZS building was sold at auction due to debt

The debtor enterprise was given a deadline to voluntarily fulfill the obligation. However, because the debt was not covered within the specified time, the collateral

A building worth 9 billion soums belonging to an enterprise was sold at auction due to debt

In Tashkent region, a pledged non-residential building belonging to an enterprise was realized through an auction sale in order to recover a debt owed to a bank.

According to information provided by the Tashkent regional department of the Bureau of Mandatory Enforcement, based on an enforcement document from the Bekabad Inter-district Court for Civil Cases, a debt of 9 billion 421 million 840 thousand soums was to be recovered from the enterprise "O.B." in favor of BRB Bank.

The enforcement document was received by the bureau on July 24, 2026, and enforcement proceedings were initiated on the same day.

The debtor enterprise was given a deadline to voluntarily fulfill the obligation. However, because the debt was not repaid within the specified timeframe, the pledged non-residential building was put up for auction.

From the proceeds of the auction, 9 billion 578 million 732 thousand soums were recovered and transferred to the bank.

It is reported that the debt has been fully recovered, and the enforcement proceedings have been completed in accordance with the requirements of the legislation.

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