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Some of Thames Water's creditors and Liberal Democrat MP Charlie Maynard can appeal against the approval of plans to restructure the utility at the Court of Appeal, a High Court judge has ruled.Mr Justice Leech ruled earlier on Tuesday that a proposal to inject up to £3 billion in funding, known as the "company plan", could be sanctioned just weeks before the struggling utility was set to run out of money.A group of Thames Water's Class B creditors had proposed an alternative "B plan", which the
Some of Thames Water's creditors and Liberal Democrat MP Charlie Maynard can appeal against the approval of plans to restructure the utility at the Court of Appeal, a High Court judge has ruled.Mr Justice Leech ruled earlier on Tuesday that a proposal to inject up to £3 billion in funding, known as the "company plan", could be sanctioned just weeks before the struggling utility was set to run out of money.A group of Thames Water's Class B creditors had proposed an alternative "B plan", which they claimed would provide the company with the same funding but on better terms and which should be adopted instead.
↗https://www.dailymail.com/video/video/video-3376453/Thames-Water-creditors-given-ahead-appeal-against-restructuring-approval.html
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