The Bombay High Court today adjourned a case involving Wockhardt and its bondholders till October 4.
The High Court had last week granted an additional one week's time to the debt-ridden Wockhardt to arrive at a workable solution to handle the litigations from its foreign debtors.
Wockhardt has proposed to return money to bondholders on quarterly or six-month basis. The total money due including interest is Rs 358 crore.
A group of bondholders led by the bond trustee of the Bank of New York Mellon, Sun Pharma Global and hedge fund QVT besides some creditors had taken Wockhardt to court, filing a wind-up petition, after the company defaulted on repayment of its $110-million FCCBs, in 2009.
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