rehabilitation plan until July 2009 on the ground that TSFC, its shareholders and creditors have mutually agreed upon the plan which indicated considerable progress. The period extended would accordingly benefit
instruments.3. In case of TSFC making new borrowings, the new creditors must not have a secured or preferred status over other creditors, so as to maintain fairness among all creditors. In addition, TSFC must
. Having considered that TSFC?s rehabilitation plan would benefit the company?s stakeholders, namely creditors, clients or other parties concerned, the CMSB resolved to allow the company to propose its
along with its creditors sent a letter requesting the CMSB to grant another one-month period extension for their out-of-court negotiation on debt restructuring which is expected to expedite repayment of
; (3) Mr. Thanawat Pratoomsuwan; (4) Mr. Phiroon Phihakendr; (5) Mr. Phipat Phihakendr; (6) Mr. Phiboon Phihakendr, and (7) Miss Kanchana Chakvichitsopon and 10 creditors and their authorized persons
, not lower than the specified ratio. ** Subordinated debt refers to liabilities for which the rights of creditors are subordinated to those of general creditors. Such debt is unsecured and
-PARK, its shareholders, or creditors in terms of the benefits received, violating Section 311 of the Securities and Exchange Act B.E. 2535 (SEC Act). Furthermore, the fact that Mrs. Mankongcharoen?s
consisting of Interest expense from bank creditors amount of 23.42 million baht, interest on short-term loans amount of 1.63 million baht, interest of debentures amount of 21.74 million baht, delayed interest
in its Q3/2013 notes to financial statements that due to the Supreme Court decision, claims of the company’s creditors were restored to the status prior to the date of rehabilitation order. However
a financial liability from its balance sheet only when it is extinguished ? i.e., when the obligation specified in the contract is discharged by law or by creditors ? and may derecognize financial