InfoHub Logo

A court in the Almaty region has refused to accept a bankruptcy filing from the 'Group of the Companies TDA', a firm co-owned by Anipa Nazarbayeva, the sister of Kazakhstan's first president Nursultan Nazarbayev, and her business partner Ali Kylyshbaev.

The decision comes despite the company accumulating a substantial debt. As of January 16, 2026, the company's total liabilities to taxes and other mandatory payments reached approximately 99.2 billion tenge.

Company Operations and Debt

Registered in Shamalgan village, Karasai district – the ancestral home of the Nazarbayev family – the company was involved in the wholesale trade of various goods. The company itself initiated the bankruptcy proceedings, citing its inability to meet its financial obligations and pay its debts.

The State Revenue Administration, responsible for debt recovery, did not object to the bankruptcy petition. However, the court emphasized that proving insolvency requires demonstrating both persistent inability to pay and a failure to meet credit obligations simultaneously.

Court's Reasoning for Rejection

The court ultimately rejected the bankruptcy request for several key reasons. The company's head, Ali Kylyshbaev, did not attend the court hearing. Furthermore, the interim manager was unable to provide a conclusive assessment of the company's financial standing.

A lack of accounting documents and records of financial transactions from the company's bank accounts over the past three years also influenced the court's decision. Consequently, the court determined that the company had failed to adequately prove its insolvency.

"The application to initiate bankruptcy proceedings for the limited liability partnership 'Group of the Companies TDA' is denied," stated the court's decision.

Previously, it was reported that as of January 1, 2026, the company owed the state 92.3 billion tenge in taxes. The company had also faced accusations related to the smuggling of goods from China and the issuance of fictitious invoices.

This information was reported by the Infohub.kz news agency.