The High Court application was to seek the protection of the court from the enforcement of claims and repossession of cars.
The vehicle leasing group's fleet of about 1,700 vehicles will be repossessed and returned to the respective creditors.
The vehicle leasing group also plans to drop its court appeal for protection against creditors’ recovery action. Read more at ...
The group also files for a new six-week interim moratorium to facilitate investment negotiations Read more at The Business ...
Autobahn Rent A Car recently suspended its vehicle rental business and withdrew a High Court appeal against creditor action.
ComfortDelGro, Grab and Strides Premier have waived the security deposit for these drivers. Read more at straitstimes.com.
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