The hedge fund lenders to Delphi are protesting against the car parts maker’s plan to sell its assets to General Motors and Platinum Equity, Financial Times reports. The funds include Double Black Diamond Offshore and Greywolf Capital.

The rebellious funds have alleged the sale will be unable to exploit the value of Delphi’s assets guaranteed as collateral for their loans. The funds, which hold about $800 million in loans, are considering a bid.

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