The Central Bankruptcy Court issued an order to IFEC on 29 January 2024 for the business rehabilitation and determined the company as the plan administrator. Pursuant to the Bankruptcy Act, B.E. 2483 (1940), the next step is for creditors to submit a request for debt repayment to the official receiver of the Legal Execution Department within one month from the publication date in the Government Gazette on 27 February 2024. The deadline is set on 27 March 2024*.   

In order to prevent the holders of bonds and bills from losing their entitlement to the debt repayment, the SEC is therefore suggesting each holder of IFEC bonds and bills to submit a request for debt repayment through the following channels.

(1) Electronic submission: The holders of bonds and bills may use the electronic form and attach supporting documents through the procedures, terms and conditions specified on the Legal Execution Department website at https://reorg-service.led.go.th/index/; 

2) Hardcopy submission at the Legal Execution Department: The holders of bonds and bills may submit a request for debt repayment to the official receiver at the Business Reorganization Division, the Government Complex Commemorating His Majesty the King’s 70th Birthday Anniversary, 5th December, Rajaburi Direkriddhi Building (Building A), 8th Floor, 120 Changwattana Road, Tong Song Hong Sub-District, Laksi District, Bangkok 10210 or the Legal Execution Department offices nationwide. The Request Form is downloadable on the Legal Execution Department website:  https://www.led.go.th/form/form.asp.

The holders of IFEC bonds and bills can access the supplementary documents and submission guidelines for the debt repayment request on the Legal Execution Department website at: https://www.led.go.th/brd/efiling/ or call the Legal Execution Department at 0-2142-5201-13 and IFEC’s legal advisor - Phoenix Advisory Services Company Limited at 080-933-4477. 

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 Remark:  

* Notification of the Official Receiver regarding the Order for Business Rehabilitation and Appointment of the Plan Aadminister of Inter Far East Energy Corporation Public Company Limited as the debtor at https://ratchakitcha.soc.go.th/documents/20805.pdf