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Creditors to vote end April on debt-burdened Drake & Scull's re-organisation plan


Drake & Scull International presented the Plan in tandem with Aaronite Partners, which was appointed as the expert by the Financial Re-organisation Committee made of past lenders to the company.
It’s not known what the immediate options would be for Drake & Scull if trade creditors do not approve the Plan. Would it mean that the independent expert will have to come up with a reworked plan of action or something much broader?
Drake & Scull’s problems came to light in 2019 after the company said it was suffering from accumulated losses of well over Dh4 billion. ....

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