The debt holder is suffering now from a voluntary default. The answer lies in the cure, and hopefully that happens without going to court. It's in the company's own interest to satisfy the creditors it chose to voluntarily default on. If I were Wais, I'd ask the creditor what would satisfy them, and give it to them to avoid another legal loss and suffer more personal and corporate reputational damage. It's simply not worth a fight the company is guaranteed to lose, and it hurts the company even more than already happened.
I would also apologize to the creditor for choosing to voluntarily default on them. Corporate America doesn't like that, but it's often a very good idea to show humility when you've elected to screw up (see what happened with United Airlines a couple of months ago).
Both the above actions make the creditor whole financially and emotionally. That would be my approach, because creditors fund the company, so a good working relationship with them is extremely important. Wais from his prior actions obviously feels differently.
That may, or may not, answer your question, I don't know,
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