Garuda’s restructuring proposal was approved by the majority of its creditors last week, and the agreement was set to be formalized in a meeting on Monday.
The two creditors disagreed on the manner and calculation of the claims, Martin Patrick Nagel, the case’s court-appointed administrator, told Reuters.
Greylag Goose Leasing 1410 and 1446, both based in Ireland, had opposed the court-verified value of their claims against Garuda, according to Nagel.
According to a debt list document dated June 14, the administrators had accepted claims from the two lessors totaling roughly 2.3 trillion rupiah ($155.09 million).
They requested the court to acknowledge claims worth 5.99 trillion rupiah ($403.91 million), according to Nagel.
He noted that the judges’ panel said it needed more time to consider the creditors’ motion.
A request for response from Garuda and a lawyer for the lessors was not immediately returned.
Rising to be the richest person on Earth and CEO of Tesla and SpaceX, Elon Musk has become one of…
Officially labeling South Korea as a "hostile" state, North Korea is formalizing the growing gulf between the two Koreas. Announced…
Thomas Tuchel was appointed as the head coach of the England national team on Wednesday, tasked with the goal of…
Sadly, singer Liam Payne passed thirty-one in a horrible turn of events. Former One Direction star passed unexpectedly from the…
Reacting to a bomb threat aimed at an Air India Express flight approaching the city-state, Singapore sent two F-15SG fighter…
Analysts believe Tokyo would seek to interact more with Southeast Asia since issues regarding the expected departure of the historically…
This website uses cookies.
Read More