On 31 August 2016, the Kyiv Administrative Court of Appeal confirmed the legality of the decision by the National Bank of Ukraine to revoke a banking license and wind up Delta Bank PJSC.
According to the case materials, a bank's individual customer filed a claim in the Kyiv County Administrative Court, demanding that the court recognize as illegal and overturn the NBU Board Resolution ordering the revocation of the banking license and liquidation of Delta Bank PJSC. The claimant also demanded that the Court annul the resolution by the Deposit Guarantee Fund to launch winding-up proceedings in respect of this bank.
On 12 July 2016, the Kyiv County Administrative Court ruled to reject the claim.
Delta Bank PJSC’s customer filed an petition in the Kyiv Administrative Court of Appeal, seeking to challenge the ruling by the court of the first instance.
Having considered the case materials, the Kyiv Administrative Court of Appeal ruled to reject the petition and upheld the ruling of the court of the first instance.
On 2 March 2015, Delta Bank PJSC was declared insolvent and placed under receivership. On 2 October 2015, the NBU issued a resolution on withdrawal of the banking license and liquidation of Delta Bank JSC.