RPT-Delphi gains court OK to pursue key supplier plan

Newswire

(Repeats to chain to alerts) NEW YORK, Nov 29 (Reuters) - Auto parts maker Delphi Corp. on Tuesday won bankruptcy court approval to pursue a plan to pay some pre-bankruptcy bills owed to key suppliers in exchange for extending contracts set to expire at the end of the year. Judge Robert Drain's ruling followed an agreement between lawyers for Delphi, its unsecured creditors and a trustee representing the interest of bondholders. Several suppliers voiced objections to the plan during a ...

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