The Vänersborg District Court ruled today in favour of NEVS’ request for public composition negotiations with their creditors. This ruling follows recent reports that a significant number of the creditors are positive to the proposal where the ones with a claim of over SEK 500,000 would be paid 50% of the amount exceeding this and all smaller claims would be paid in full.
A public creditors meeting is to take place on March 23rd at 10:00 in Vänersborg.
Reorganisation extension pending
As mentioned in the previous post, today’s ruling was important, but not the most critical one as there isn’t a decision yet on the application to extend the reorganisation phase by another three months. This decision is due later this week, so stay tuned for more info.