The court heard that in 2005 that the companies appeared in serious financial difficulty and by 2007 bond-holders had PS3.
Mr Cummings said: "The survival of the business was dependent on bond-holders leaving their money in the scheme - by continually reinvesting their bonds rather than cashing them in at any stage.
Additionally, NBC witnessed a noticeable increase in the number of individual bond-holders
saving through bond certificates across different categories in 2013, with the total number of female bond-holders
increasing by 18 per cent and the total number of male bond-holders
rising by 21 per cent.
Through our continuous efforts, we hope to speed up this momentum and provide all the necessary tools to help our bond-holders
carve a stable financial future for themselves and their families," Al Ali added.
Reports indicate that while "several" of the bond-holders
are open to the restructuring deal, the fact that the company has extended the offer three times indicates that perhaps not a sufficient number have been inclined to participate.
The top ten list of male winners as a proportion of those bond-holders
with the same first name is: Matthew, Neil, Bryan, Mark, Daniel, Steven, Alexander, Nigel, Jonathan and Laurence.
This week 8,000 bond-holders
received letters urging them to pay pounds 300 to join a scheme called "The Trophy Trail".