Singapore-based Hodlnaut filed a wind-up order with the court on Nov. 10 as it prepares for a full liquidation of its remaining assets, according to court documents.
The winding-up process will be carried out under the provisions of the Insolvency, Restructuring, and Dissolution Act of 2018 and is expected to begin in the coming weeks.
The move comes after more than 17,000 creditors chose to vote against a restructuring plan for the company in January, opting for liquidation instead. Under the plan, the directors who were leading the company when it collapsed would have been in charge of the restructuring.
Liquidation process begins
In a circular addressed to the stakeholders, the company’s former interim judicial managers, Aaron Lee and Angela Ee, revealed that they had been discharged as interim judicial managers and subsequently appointed as joint and several liquidators by the High Court of Singapore.
The liquidators emphasized the challenges posed by the substantial volume of cr
We współpracy z: https://cryptoslate.com/hodlnaut-files-wind-up-order-in-preparation-for-liquidation/
