NEW YORK: Collapsed US energy trading giant Enron Corp has won a bankruptcy judges approval to send its reorganisation plan to creditors for backing, moving it one step closer to exiting Chapter 11 bankruptcy protection.
Enron, which imploded following an accounting scandal in 2001, received the green light for its plan from judge Arthur Gonzalez at the federal bankruptcy court here on Tuesday, according to Luc Despins, a lawyer with Milbank, Tweed, Hadley & McCloy LLP, which represents Enron creditors.