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<a href="http://www.accessmylibrary.com/article-1G1-137114265/court-ruling-clears-way.html" title="Facts and information about Court ruling clears way for TPI Polene to settle some debts.">Court ruling clears way for TPI Polene to settle some debts.</a>
Court ruling clears way for TPI Polene to settle some debts.
Bangkok Post (Bangkok, Thailand)
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October 04, 2005 |
COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
Oct. 4--The Central Bankruptcy Court yesterday dismissed the objection of 11 creditors of TPI Polene Plc to a debt-repurchase programme under the rehabilitation plan spearheaded by plan administrator and founder Prachai Leophairatana.
Orapin Leophairatana, TPIPL's senior executive vice-president, said in a statement to the Stock Exchange of Thailand that on Sept 30 the court issued an order dismissing the objection after the company had successfully raised capital last year.
Mrs Orapin, who is also Mr Prachai's wife, said the court ruled that the 11 creditors had no right to cancel the debt-repurchase programme. As such, the debt repayment made to all of ...
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Source: HighBeam Research, Court ruling clears way for TPI Polene to settle some debts.