19 October 2023 at 05:43 PUBLISHED
Eleven key members of the now-dissolved People Alliance for Democracy( PAD) have been given an absolute liquidation order by the Central Bankruptcy Court in a bankruptcy lawsuit over their protests, which resulted in the two major airports for the capital being shut down.
According to Section 22 of the Bankruptcy Act, which comes after the bankruptcy get, an appointed recipient is given the authority to manage these 11 people’s assets.
Maj Gen. Chamlong Srimuang, Sondhi Limthongkul, Pibhop Dhongchai, Suriyasai Katasila, Chaiwat Sinsuwong, Samran Rodphet, Maleerat Kaewka, and Therdphum Jaidee are among them.
The Airports of Thailand( AoT ) filed a bankruptcy lawsuit in 2008, seeking restitution for losses incurred by the PAD’s occupation of Don Mueang and Suvarnabhumi airports. The receivership order is the outcome of that lawsuit.
With an annual interest rate of 7.5 % as of December 2008, the Civil Court ordered 13 PAD figures to pay the AoT more than 522 million baht in compensation in March 2011.
The lower prosecutor’s decision was upheld by the Appeal Court in 2015, but the defendants were unable to file an appeal within the allotted time. They requested an extension in a request, but it was denied.
People who owe or have access to these people’s assets must notify the listener within a month of receiving their notification, per the most recent order.
Within two weeks of the jury get being published in the Royal Gazette, their collectors— whether or not they are the plaintiff — must submit a request for loan repayment with the recipient.