comparemela.com


SsangYong Motor Co. has failed to repay loans worth Rs. 408 crore, which were due on December 14.
SsangYong Motor Co. has failed to repay loans worth Rs. 408 crore, which were due on December 14. The Korean carmaker has since filed an application with the Seoul Bankruptcy Court.
The application was filed under the Debtor Rehabilitation and Bankruptcy Act of South Korea for the commencement of rehabilitation procedure. The company has also applied for the Autonomous Restructuring Support (ARS) program. It is a court-designed process under which the company will be allowed to function under the supervision of its Board. The Board will also try to work out a revival package with all stakeholders.

Related Keywords

Seoul ,Soult Ukpyolsi ,South Korea , ,Seoul Bankruptcy Court ,Ssangyong ,Ssangyong Motor Co ,Ssangyong Motor ,Yong Motor ,Seoul Bankruptcy ,Debtor Rehabilitation ,Bankruptcy Act ,Autonomous Restructuring Support ,சியோல் ,தெற்கு கொரியா ,சியோல் திவால்நிலை நீதிமன்றம் ,ஸ்சங்கியோங் ,ஸ்சங்கியோங் மோட்டார் இணை ,ஸ்சங்கியோங் மோட்டார் ,யோங் மோட்டார் ,சியோல் திவால்நிலை ,கடனாளி புனர்வாழ்வு ,திவால்நிலை நாடகம் ,தன்னாட்சி மறுசீரமைப்பு ஆதரவு ,

© 2024 Vimarsana

comparemela.com © 2020. All Rights Reserved.