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Evening Standard
Evening Standard
Business
Callum Parke

Thames Water creditors given go-ahead to appeal against restructuring approval

Some of Thames Water’s creditors and Liberal Democrat MP Charlie Maynard can appeal against the approval of plans to restructure the utility at the Court of Appeal, a High Court judge has ruled.

Mr Justice Leech ruled earlier on Tuesday that a proposal to inject up to £3 billion in funding, known as the “company plan”, could be sanctioned just weeks before the struggling utility was set to run out of money.

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