Nov 29

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Blog Post: Takata Creditors Balk At Proposed $12M Mexican Unit Outlay

by Anonymous

Several major creditor groups in the Takata Chapter 11 took issue Wednesday with the debtor’s bid to spend $12 million on its Mexican affiliates to prepare the proposed $1.6 billion sale at the center of the case they already see as problematic, arguing it has thin evidentiary support.
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