November of 2008 was a tumultuous time for Don Mueang airport in Bangkok, as PAD protesters brought the facility to its knees, flooding it with activity before eventually infiltrating the building, causing a complete shutdown. This historical event, documented in a Bangkok Post file photo, would have lasting implications.
Fast forward to the present day, where the Central Bankruptcy Court has issued an absolute receivership order against eleven key members of the now-defunct People Alliance for Democracy (PAD). This occurs in light of a bankruptcy lawsuit that stems directly from the protests that led to the closure of two primary airports in the capital.
This receivership order, as announced in the Royal Gazette, authorises an appointed receiver to manage the assets of the aforementioned eleven individuals under Section 22 of the Bankruptcy Act. This is a direct consequence of the receivership order.
The individuals facing this order include Maj Gen Chamlong Srimuang, Sondhi Limthongkul, Pibhop Dhongchai, Suriyasai Katasila, Somsak Kosaisuk, Chaiwat Sinsuwong, Amornthep Ratchayut, Samran Rodphet, Sirichai Maingam, Maleerat Kaewka, and Therdphum Jaidee.
This decisive verdict results from a bankruptcy lawsuit spearheaded by the Airports of Thailand (AoT). The AoT has sought restitution for the damages incurred during the PAD’s occupation of Don Mueang and Suvarnabhumi airports back in 2008.
Delving into historical records, we find that in March 2011, the Civil Court ruled that 13 PAD figures make a payment surpassing 522 million baht in reparation to the AoT, along with an annual interest rate of 7.5% commencing from December 2008.
In an intriguing twist, the Appeal Court concurred with the lower court’s sentiment in 2015, but the defendants relinquished their right to challenge the ruling by exceeding the appeal deadline. An appeal for extension was lodged, only to be rejected sternly.
According to the recently issued order, any individual or entity that owes, or holds these individuals’ assets must report them to the receiver within a single month of receiver notification.
The order further states that creditors, irrespective of whether they are the plaintiff or not, are obliged to file a repayment request with the receiver within two months of the court order being publicised in the Royal Gazette.
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