Lahore High Court approves Creditors' Scheme of Arrangement's petition filed by Azgard-9

MG News | August 09, 2019 at 06:11 PM GMT+05:00

0:00

August 9, 2019 (MLN): Azgard Nine Limited, in a notification to PSX has announced that the honorable Judge of Lahore High Court has approved the petition filed by the company regarding approval of Creditors’ Scheme of Arrangement.

Earlier, the company filed the petition for the approval of the Creditors’ Scheme of Arrangement for restructuring the liabilities of the company . As the company stood in default of all its long-term loan and some short-term loan obligations and the company’s existing business and cash flows made it impossible to pay off liabilities as they fell due.

Thus, the company filed a petition in order to restructure the burden of loans so that the company could remain operational and service its loans.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,404.49 326.40M	-0.32% -556.16
ALLSHR	103,442.24 795.99M	-0.21% -217.04
KSE30	52,413.79 113.03M	-0.27% -143.72
KMI30	244,645.84 109.10M	-0.15% -378.05
KMIALLSHR	67,050.27 450.39M	-0.02% -14.08
BKTi	47,413.54 37.21M	-0.37% -176.81
OGTi	33,419.75 8.88M	-0.20% -67.52

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,895.00	89,510.00 85,135.00	3075.00 3.63%
BRENT CRUDE	60.55	60.65 59.40	0.73 1.22%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.30 2.59%
ROTTERDAM COAL MONTHLY	96.90	96.90 96.90	0.50 0.52%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	56.54	56.72 55.61	0.54 0.96%
SUGAR #11 WORLD	14.85	14.87 14.45	0.37 2.56%