A Winding Up Application was filed in November 2020 by the Lim family as contributories of the company, and a hearing has been scheduled for 2...
Application was filed by Hin Leong’s judicial managers on 5 February 2021 and a hearing has been scheduled for 10.00 am, Monday, 8 March 2021.
Application was made on 1 November, 2020 and a hearing has been scheduled for 2.30 pm, Wednesday, 10 February, 2021 at the Singapore High Court.
According to the notice in the Government Gazette, the meeting will be held electronically on 13 January 2021 at 3.00pm pursuant to COVID-19 safety measures.
Lim claimed the documents were “mistakenly” issued, and as he was unaware of the process, he would not be liable for HSBC’s losses, reports Bloomberg.
In a court filing, HSBC accused HLT of presenting fake documents in order to convince the bank to provide credit to the company, reports The Straits...
Lim allegedly “instigated” a HLT executive to write an email to China Aviation Oil (Singapore) Corporation for the purpose of cheating, reports The Business Times.
PricewaterhouseCoopers, legal firms Rajah & Tann, and Drew & Napier based their fee estimates on the complex nature of salvaging HLT, reports The Business Times.
The company is seeking legal action against Standard Chartered Bank and OCBC over unpaid letters of credit issued in relation to Hin Leong trades, reports Reuters.
The reassignment comes after HLT applied to the Singapore courts for protection against creditors earlier this year; the amount of storage capacity involved is unknown.
