Interesting The concession holding company is applying to enter...

Interesting
The concession holding company is applying to enter pkpu. For this not familiar with this it's something like the USA chapter 11.
For the benefit of those who don't know what happened s I shall attempt to explain in simplistic terms. I hope it helps
Assuming the court allows the company to enter pkpu then the court will appoint an administrator to,oversee the pkpu process. The administrator will begin a process of reviewing all debts. Anyone with a claim must register the claim with the administrator. The administrator decides whether to accept or reject any claims. This can be a bit tricker Than it seeems particularly with respect to forward payments of mineral production and the like.

Once that is complete the company proposes a plan that is put to a vote of registered claimants. If it successfully accepted the. The company exits pkpu.

If it's not successful then things go downhill. The company heads towards bankruptcy. It won't necessarily get there but if it does go into bankruptcy then that would potentially be a breach of the concession terms and lead to the concession (Contract of work) begin cancelled.

A recent case was straights resources and their indo Muro. Project. It entered and successfully exited pkpu.

I hope this helps