Azgard-9 obtains the approval of Lahore High Court for restructuring of its liabilities

MG News | July 31, 2019 at 02:48 PM GMT+05:00

0:00

July 31, 2019 (MLN): Azgard-9 on Wednesday informed that the concerned Honorable Judge of the Lahore High Court has verbally announced the approval of the said Creditors’ Scheme of Arrangement in the Court.

To recall, the Honorable Judge on July 08, 2019 had directed the Company to obtain approval from its members in respect of sale of two units of the Company as per the Creditors’ Scheme of Arrangement for restructuring of the Company’s liabilities.

The management of the Company is in the process of obtaining the certified copies of the court order and the Scheme of Arrangement and will provide the same upon receipt from the court.

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