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.
Thanks to our efforts, we have been able to offer our bond-holders attractive prizes as well as compound annual returns averaging 57 per cent between 2006 and 2013.
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".