(c) Reuters
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.
'La Palma' is currently one of the most popular series on Netflix in the US. This four-episode limited disaster series…
For the past few months Bangladesh has been encountering a rally of rebellions against the former Prime Minister Sheik Hasina…
Numerous auto giants across the globe are increasingly prioritising electric and hybrid vehicles as demand rises for less polluting models…
Kairos 2, rocket is made by the Japanese Private Spacecraft manufacturer, Space One and it was launched on December 18,…
Thanks to its clever management and forward thinking vision that prioritizes human development as the cornerstone and major objective of…
On Wednesday, in the Sri Lankan Parliament President Anura Kumara Dissanayake has proudly announced the agreement which became firm after…
This website uses cookies.
Read More