A bankruptcy court issued an order denying the ad hoc group of NII Capital 2021’s noteholders' motion for an order directing NII Holdings to participate in mediation, BankruptcyData.com reported today. The noteholders had argued in their mediation motion that the debtors were holding companies, “and as such, a hypothetical chapter 7 liquidation of the debtors would permit going-concern sales of the debtors' equity in their nondebtor subsidiaries that hold valuable businesses.”
