Ittella International, LLC filed a first amended plan of liquidation with related disclosure statement in the US Bankruptcy Court on February 21, 2024. As per the amended plan filed, priority tax claims are estimated to be in the amount of $0.15 million. Other priority claims of $0.02 million shall be paid in full in cash.

General unsecured claims of all other debtors except NMFD are estimated to be in the amount of $39.28 million and shall be recovered 5% of such claims and shall be paid in full in cash. General unsecured claims of NMFD of $6.60 million shall be recovered 1% i.e., $0.07 million and shall be paid in cash. There are no changes in the treatment of any claim class or sources of plan funding.

Ittella International, LLC, along with its affiliates, filed its modified first amended joint plan of liquidation with related disclosure statement in the US Bankruptcy Court on March 21, 2024. As per the modified amended plan filed, administrative claims are of $1.88 million. There are no changes in treatment of any other claim class or sources of plan funding.