Delio's Denial of Rehabilitation Motion Sets Stage for Liquidation vs. Continuation Debate

Delio’s motion to commence rehabilitation filed by some of Delio’s creditors was denied. Ohoon Kwon, partner attorney at Cha & Kwon Law Offices interpreted the court’s ruling to mean that the company is not likely to be rehabilitated and should be liquidated rather than continued. The court concluded that it would be more valuable for Delio to liquidate rather than go through a rehabilitation process. Meanwhile, Delio has stated that it intends to continue its business, so the legal battle is expected to continue for some time.

URL : Delio’s Denial of Rehabilitation Motion Sets Stage for Liquidation vs. Continuation Debate