A panel representing most of the creditors of Kuwait's Investment Dar, which owns half of British luxury carmaker Aston Martin, has resigned after a dispute over a restructuring plan, the firm said on Sunday. "The board will seek in due course to appoint a new co-ordinating committee and will in the interim communicate directly with banks and investors," Dar said in a statement.
In a separate statement earlier on Sunday, Dar said that its coordinating committee has threatened to quit if the company did not consider the group's new debt restructuring plan for the Islamic firm.
Investment Dar said in the earlier statement that the plan was not acceptable to the firm and it would go to court to resolve the dispute.
Dar has been trying to restructure about 1 billion dinars ($3.55 billion) in debt since last year after the investment firm was hard hit by the global financial crisis.