proceeded under the Bankruptcy Law. 16/08/2022 16/08/2022 The Civil Court delivered a judgment that all three defendants, including Polaris Capital Public Company Limited ("1st defendant"), Mr
99.57 million become overdue. Due to liquidity problem and receiving notices demanding for payment from major creditors, thus to prevent bankruptcy situation, GSTEL had submitted the petition requesting
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threshold limits as prescribed in the regulations. The closing of the transaction is subject to conditions precedent including approval by the bankruptcy court and applicable governmental authorities. Please