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{
    "id": 132893,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/132893/?format=api",
    "text_counter": 264,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "and agree on the revival of the company under a joint receivership. The lenders who were the rightful owners of the company in terms of their debenture holdings in the company fall into two categories, as I have already said; short-term and long-term lenders. Short term lenders whose legal rights in the company are limited to floating stock and book debt placed the company under receivership in March 2009 while the long- term lenders whose legal rights on the company are tied to all the fixed assets are yet to appoint a receiver. The task force has, therefore, held a series of meeting jointly and separately with the two groups of lenders to work on a strategy of reviving PPM under a joint receivership as directed by the Cabinet. The negotiations were expected to be concluded early---"
}