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Road King Infrastructure has announced the suspension of payments on all its offshore debt obligations, totaling approximately US$1.51 billion. The company is seeking to restructure this offshore debt and has called for the support and cooperation of all creditors. It also anticipates the establishment of creditor bodies to facilitate this process. Despite the suspension of debt payments, Road King has assured that deliveries and normal operations will continue as usual. The announcement comes amid ongoing discussions about improving bankruptcy laws and addressing capacity gaps in insolvency proceedings.
#BSEditorial | The govt has been constantly working to improve the IBC. While improving the law is important, the govt must also address the capacity gap. This is also something the select committee must deliberate on. #BankruptcyLaws #Bankruptcy #IBC https://t.co/dhiSEfmRHR
Road King Infrastructure said it has decided to suspend payment of all of its offshore debt obligations and it would explore a restructuring for its offshore debt. More here: https://t.co/2pF5UOR9FZ
Road King Infrastructure said it has decided to suspend payment of all of its offshore debt obligations and it would explore a restructuring for its offshore debt https://t.co/syeOCpL5aa
