Does Noble have a future post-debt revamp?

NOBLE Group's debt restructuring proposal has ruffled many feathers. A majority shareholder, Abu Dhabi-based Goldilocks Investment Company, voiced the sentiments of many unhappy shareholders when it sent a list of complaints about Noble to Singapore regulators last week.

Some individual noteholders, meanwhile, are banding together for a louder voice.

Even as the recent volley of comments between Noble and Goldilocks sheds light on some of the concerns that have been raised, there are other key questions that Noble's management will have to address.

Noble last Monday said it has reached an in-principle agreement with a group of creditors holding about 30 per cent of its senior…