US: Court confirms Ener1 reorganisation plan

The US Bankruptcy Court in the Southern District of New York has confirmed the insolvent Ener1’s pre-packaged Plan of Reorganization as modified, clearing the way for the battery developer/manufacturer to emerge from Chapter 11 by mid-March. Ener1 said it will exit bankruptcy in a stronger financial position and with “a renewed focus Subscribe to Automotive World to … Continued

• By Webmaster
• March 9, 2012