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Falcon Energy

OFFSHORE and marine company Falcon Energy on Tuesday said that the High Court has extended its debt moratorium by about one more month to Nov 30 from Oct 26 previously.

This is less than the four-month stay requested by Falcon and its subsidiary Asetanian Marine in their applications, which were heard in court on Oct 21.

With the debt stay, no receiver or manager shall be appointed over any property or undertaking of the companies, and no legal proceedings can be commenced or continued...

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