15 March 2021
RE: The Central Chapter Court docket granting approval order for Nok Airways Public Firm Restricted’s time extension for its enterprise rehabilitation plan submission to the official receiver
The Inventory Trade of Thailand
As Nok Airways Public Firm Restricted (the “Firm”) has filed the rehabilitation petition, and the Central Chapter Court docket has issued an order to just accept the rehabilitation petition of the Firm for consideration on 30 July 2020; and the Central Chapter Court docket has issued an order for the Firm to proceed with rehabilitation and appoint the planners as proposed by the Firm on 4 November 2020. The Workplace of the Cupboard Secretary has then introduced the appointment order of the planners by the official receiver within the Royal Thai Authorities Gazette on 15 December 2020 with a time restrict of three months that the planners should submit a rehabilitation plan to the official receiver inside 15 March 2021.
The Firm want to inform that on 10 March 2021 the planners made a request to the Central Chapter Court docket for an extension of the restrict for submission of the rehabilitation plan in accordance with Part 90/43 Subsection 2 of the Chapter Act B.E 2483 (as amended) with an extension of the time restrict for submission by one month from the earlier deadline because of the rehabilitation plan containing a number of necessary points which required the all-aspect evaluation, consideration and formulation of the debt construction, capital construction, and organizational construction. That is along with authorized points and contractual obligations with staff, enterprise companions, and debtors; in addition to at the side of monetary estimates, capability for debt compensation and future enterprise plans. The manufacturing of the rehabilitation plan is due to this fact extremely necessary, requires consideration, detailed evaluation to end in a simply end result for all collectors, and dialogue with collectors and all events within the draft rehabilitation plan in accordance with numerous ideas to esure the rehabilitation plan will obtain the approval of the collectors’assembly. The Central Chapter Court docket has thought-about and issued an order approving the extension of the submission interval of the rehabilitation plan to fifteen April 2021.
Following from this, the official receiver will maintain a creditor’s assembly to think about the rehabilitation plan, the Central Chapter Court docket will subject an order approving the plan and appointing plan directors, and the Firm will proceed with the rehabilitation plan and inform of the progress within the rehabilitation together with some other additional progress.
Please be told accordingly. Sincerely yours,
-Wutthiphum Jurangkool-(Dr. Wutthiphum Jurangkool) Chief Government Officer
Nok Airways pcl printed this content material on 15 March 2021 and is solely liable for the data contained therein. Distributed by Public, unedited and unaltered, on 15 March 2021 12:56:06 UTC.