Thames Water must wait to discover whether the approval of a plan to restructure the struggling utility will be overturned at the Court of Appeal.
In February, a High Court judge sanctioned a plan proposed by Thames Water Utilities Holdings Limited (TWUH), the parent company of Thames Water Group, allowing the utility to stay afloat just weeks before it was due to run out of money.
A group of the utility’s secondary creditors, as well as TWUH’s parent company, Thames Water Limited (TWL), appealed against the decision at a hearing which began on Tuesday.
