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New Nordic Development Co., Ltd. has filed for rehabilitation with the Central Bankruptcy Court

New Nordic Development Co., Ltd (the “Company”) hereby announces that the Board of Directors ratified the Company’s decision to file for rehabilitation with the Central Bankruptcy Court under the Bankruptcy Act B.E. 2483 (1940 A.D.). In light of this, the Company has petitioned for rehabilitation with the Central Bankruptcy Court on 28 January 2021.

This rehabilitation process will allow the Company to gradually reach the objectives of its proposed rehabilitation plan more effectively with support from relevant regulations, thereby providing equitable protection to relevant parties. Moreover, the Company will be able to continue its business operations during the rehabilitation process. The first hearing at the Central Bankruptcy Court will be held on 31 May 2021. All creditors will be contacted in the near future with additional information.

Yours sincerely,

Siripoom Boonmamuang | Director, New Nordic Development Co., Ltd

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IMPORTANT NOTICE

This portal aims to provide information from the New Nordic Group in Thailand regarding the ongoing rehabilitation being carried out under Section 90 of the Bankruptcy Act B.E. 2483 (1940 A.D.), as amended.  

The notices provided herein will be both official and unofficial announcements as well as various court filings.

The portal also provides general background on the Thai Bankruptcy Act.  Note that this is general information and DOES NOT CONSTITUTE LEGAL ADVICE.  By using this website, you hereby understand and accept the limitations of this portal. If you require further clarifications, you are advised to consult a professional.

By proceeding further, you confirm that you have read and agree to these conditions.