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
[SINGAPORE] The Autobahn Rent A Car group of seven related companies has withdrawn its appeal on its dismissed application for creditor protection.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.”
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