Mondee Holdings, Inc., filed a combined plan of Liquidation with related disclosure statement in the US Bankruptcy Court on January 17, 2025. As per the plan filed, Administrative Claims, Professional Fee Claims, and 503(b)(9) Claim shall be paid full in cash, DIP Loan Claims of $27.50 million, Priority Tax Claims, Priority Non-Tax Claims, and Other Secured Claims shall be paid full before the effective date, Prepetition Loan Claims in the aggregate amount of not less than $231.75 million shall be paid agrees to less favorable treatment under the plan, General Unsecured Claims shall not receive or retain any distribution under the Combined Disclosure Statement and Plan on account of such General Unsecured Claims. Existing Securities Law Claims shall not receive or retain any distribution under the Combined Disclosure Statement and Plan on account of such Existing Securities Law Claims, Interests shall be extinguished, cancelled and released on the Effective Date, and Intercompany Claims and Intercompany Interests shall be adjusted, continued, settled, reinstated, discharged, or eliminated. The plan shall be funded through cash in hand and sale of assets.
Combined Plan & Disclosure Statement Filed by Mondee Holdings, Inc.
Published on 01/17/2025 at 12:00 am EST
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