The Moscow Arbitration Court has received an application from DalGeoKom, the former operator of the DTH platform Raduga TV, to declare it insolvent.

According to Comnews, the process would be done under a simplified procedure on June 30, with the court considering the introduction of debtor bankruptcy proceedings on the same day.

Although DalGeoKom previously filed for bankruptcy on March 12, its application was not accompanied by necessary documentation.

The debtor will now be required to provide the court with numerous details.

Raduga TV, which was 50% owned by Modern Times Group (MTG), ceased operations at the end of last year after having failed to obtain the necessary licence.