The judge in the TGJones restructuring case has expressed frustration with the rushed timeline of the process after formally sanctioning the rescue plan. One month on from approving the plan on 1 July, Mr Justice Hildyard has published an expanded explanation of his decision to greenlight the restructuring. TGJones owner Modella Capital won court approval for the sweeping restructuring plan in July. Loading…Under the approved plan, TGJones’ high street business will operate from a reduced footprint of 302 stores. While describing the point as ‘interesting’ and potentially significant for future restructuring plans, he concluded that such rent deferral ‘obviously’ isn’t a loan.