Jakarta: The question as to whether creditors will accept
Berlian Laju Tanker’s (BLT) restructuring looks set to be settled on 2 January
2013.
Creditors of BLT recently voted 98% of creditors,
representing 95% of claims value voted in favour of an extension on date for
the ultimate vote on the restructuring. Jakarta courts have now granted a
50-day extension from the previous deadline of 13 November, meaning the vote of
restructuring will take place on 2 January 2013. BLT had requested a 60-day
extension.
“Unless there is a further extension, the claimant
creditors’ vote on BLT’s restructuring plan will be known at that time,” said
Jack Doonan, ceo BLT Chembulk, the Indonesian company’s US subsidiary.
Source : STA.
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