Creditor-approved debt resolution plan awaits tribunal approval
MEP · price
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Creditors have approved a plan to resolve the company's debts, which was submitted to the National Company Law Tribunal on 5 September 2025 for final approval. The company entered the corporate insolvency process on 28 March 2024, with creditor actions paused. The tribunal's written order and the plan's financial terms are awaited.
Positive if the tribunal approves the plan, but the outcome and financial terms for shareholders remain uncertain.