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News / Legal/ Dry Bulk Singapore Pte Ltd filing for protection against creditors

Dry Bulk Singapore Pte Ltd filing for protection against creditors

02 Mar 2020
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Singapore-based shipping firm Dry Bulk Singapore Pte Ltd (UEN 200207990E) has submitted an application under Section 211B(1) of the Companies Act to the High Court of Singapore for protection against creditors, according to the Government Gazette.

The application is directed to be heard before the High Court of Singapore at 10:00 AM on 16 March 2020 in Chamber 5F.

The applicant’s address is 1 Robinson Road #17-00, AIA Tower, Singapore 048542.

The applicant’s solicitor is Shook Lin & Bok LLP of 1 Robinson Road #18-00, AIA Tower Singapore 048542. Copies of the application may be obtained from the applicant’s solicitors on request.

Section 211B(1) allows for a court to make an order for moratorium protection where “[…] a company proposes, or intends to propose, a compromise or an arrangement between the company and its creditors […],” states Singapore Statutes Online.

Dry Bulk Singapore Pte Ltd is still operating as a ‘live’ company at the republic, according to Accounting and Corporate Regulatory Authority (ACRA).

 

Photo credit: Manifold Times
Published: 2 March, 2020

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