Autobahn Rent A Car suspends its business; gives up fight for protection from creditors
This means its creditors including DBS, OCBC, UOB can continue claims or writs of asset seizure and sale
Add BT as a preferred source
[SINGAPORE] The Autobahn Rent A Car group of seven related companies has withdrawn its appeal on its dismissed application for creditor protection.
The Business Times understands that the group withdrew its appeal on Tuesday (Jan 6).
Clarence Lun, the solicitor for the group, said: “Following lengthy consideration, our client has decided to pause business due to operational constraints and insurance cancellation.”
TRENDING NOW
Asia-Pacific aviation: is up really the only way?
Russia’s ‘pivot to Asia’ takes a turn as it prioritises ties with isolated regimes over bigger economies
Why disciplined stewardship matters when managing wealth in uncertain markets
More than 15,000 sign up for national accounting body’s AI programme in two months
