Lahore December 27 2021: Agent Banks of Creditors duly authorized have extended the time period for issuance/credit in CDS of Sub PPTFCs & New Zero Coupon PPTFCs instruments till December 31, 2021 for Azgard Nine.
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“Restructuring scheme has been implemented and the Company's debt levels should now be sustainable. Availability of financing to the Company for working capital requirements and for meeting sustainability and growth capital expenditures is awaited.” Says Ahmed H. Shaikh company Chief Executive Officer.
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Earlier the company has intimated extension in time period for issuance of Sub PPTFCs & New Zero Coupon PPTFCs, till 25-12-2021, as required under and in accordance with Creditors' Scheme of Arrangement approved by the Honorable Lahore High Court.
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