Justice: Light’s judicial recovery affects only the holding company

The Justice of Rio released a notice to clarify that the scope of the judicial recovery process of Light SA only affects the financial obligations related to Light Holding, not applying to Light Sesa and Light Energia. According to the company, its financial obligations to creditors are around BRL 11 billion. Light reported that, in recent months, it had been evaluating alternatives and making efforts to resolve this situation but that, despite this, the situation had worsened. The decision is made by Judge Luiz Alberto Carvalho Alves, holder of the 3rd Corporate Court of the Capital, who issued an official letter to the Corregedoria Geral da Justiça, requesting that this information be transmitted to all courts and civil courts in the state of Rio. In the decision, the magistrate accepted the petition of the Light Group, which, after granting the court-supervised reorganization process in court, alleged that some judgments of other courts understood the suspension of the course of actions that have as part Light Sesa, responsible for the distribution of energy electricity in the 31 municipalities in the state of Rio de Janeiro that make up the distributor’s concession area. The judge sees the need for an informative announcement, clarifying that the measures against the concessionaire reach only the financial obligations mirrored in the Light Holding, leaving out the companies Light Sesa and Light Energia. The two concessionaires cannot suffer damage to their assets related to Light SA’s creditors

Agência Brasil