A pre-trial conference between legal representatives of Dwivedi Vivek Kumar and his previous employer GP Global APAC Pte Ltd has been refixed from 19 August 2021 to 27 January 2022 at the High Court of the Republic of Singapore.
Dwivedi in February 2021 began legal proceedings against oil and bunker fuel trading company GP Global APAC in an effort to seek total unpaid remuneration of SGD 525,000 (exact: SGD 525,382.11) since his departure, according to court documents obtained by Singapore bunkering publication Manifold Times.
The former staff commenced working at GP Global APAC as its Senior Vice President & Head of Bitumen Business on 1 November 2013 where he received a salary of USD 30,000 per month; his salary later increased to SGD 45,000 per month from 1 April 2019.
Dwivedi’s tenure as the firm’s Global Head – Bitumen & Shipping & Regional Head – APAC later ended on 10 November 2020 (with three months’ notice payment) due to internal structuring of parent company GP Global Group.
To date, GP Global APAC has yet to pay remuneration and other monies due to Dwivedi, highlighted the Statement of Claim; details of the claim are as follows:
|1.||Salary for the month of December 2020||15,000.00|
|2.||Others (SGD 45,000 x 3 months’ salary in lieu of notice of termination)||135,000.00|
|3.||PL Salary (leave encashment)||118,382.11|
|4.||Performance Bonus for 2019||243,000.00|
|Total amount due||525,382.11|
Singapore bunkering publication Manifold Times earlier reported GP Global APAC lawyers submitting an application for a six-month extension of the company’s debt moratorium to the High Court of the Republic of Singapore which was due to expire on 4 August.
The company’s debt moratorium, which is a delay in the payment of debts or obligations, is expected to be extended from August 2021 to January 2022 – if granted by the Singapore court.
A list of earlier coverage regarding events leading to the eventual restructuring of GP Global can be found below:
Related: GP Global APAC provides restructuring update; requests further six-month extension of debt moratorium
Related: Singapore High Court approves GP Global APAC’s debt moratorium application
Related: Singapore: Sale of GP Global APAC’s SGD 8.5 million Suntec office to be discussed
Related: GP Global APAC acts to prevent minority creditors ‘stealing a march’ over others
Related: GP Global APAC files for six-month debt moratorium with Singapore High Court
Related: Argus Media: GP Global asset sale talks drag on valuation gap
Related: ExxonMobil Asia Pacific takes GP Global APAC to court over USD 2.8 million bunker claim
Related: Restructuring advisor flags up ‘accounting irregularities’ in GP Global books
Related: Gulf Petrol Supplies files complaint against GP Global unit for fraudulent behavior
Related: Second arrest warrant issued for GP Global’s ‘GP B3’ over outstanding bills from creditors
Related: GP Global considering sale of assets in an effort to repay creditors
Related: GP Global tanker ‘GP B3’ detained in India due to loan defaults with creditors
Related: Argus Media: GP Global clarifies that it has shut only lesser performing trading desks
Related: Argus Media: GP Global rules out asset sales in restructuring
Related: GP Global engages restructuring specialists following credit pull and internal fraud
Related: GP Global internal investigations reveal Sharjah and Fujairah staff involved with fraud
Related: GP Global repudiates rumours and proceeds with restructuring as strategic move
Photo credit: Manifold Times
Published: 20 August, 2021
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