Takata unit’s exclusive plan-filing period extended through Feb. 27

By Caroline Salls

Pittsburgh, Feb. 22 – Takata Corp. subsidiary TK Holdings Inc. obtained a second extension of its exclusive period for filing a Chapter 11 plan, according to an order filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, TK Holdings’ exclusive filing period was extended through Feb. 27 from Jan. 21.

As previously reported, the company’s third amended plan of reorganization was confirmed following a Feb. 16 hearing.

Tokyo-based Takata manufactures and sells motor vehicle seat belts, airbags, steering wheels, interior trims and child restraint systems. TK Holdings filed for bankruptcy on June 25, 2017 under Chapter 11 case number 17-11375.

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