Anil Ambani's GCX files for bankruptcy; senior bondholders to take control of company
Updated : September 17, 2019 06:42 AM IST
GCX missed payment on $350 million 7 percent bonds that matured on August 01
Company initiated a pre-packaged Chapter 12 restructuring after clearance by 75 percent of lenders
As part of its chapter 12 filing GCX will also compensate employees as usual
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