April 12, 2017 / 9:35 PM / 2 years ago

Avaya seeks more time for Chapter 11 plan

Bankrupt telecommunications company Avaya Inc said in court papers on Tuesday it needed an extra 120 days for producing a restructuring plan to hold talks with stakeholders on reaching a consensual deal to emerge from bankruptcy.

In papers filed in Bankruptcy Court in New York, Avaya asked for a court order that would extend the period in which it has sole right to file a restructuring plan through September 16 and the period for soliciting votes for the plan through November 15.

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