Under section 95 of the Insolvency, Restructuring and Dissolution Act 2018, an automatic moratorium is placed on the company from the filing of the judicial management application.
Hatten Land has filed an application in the General Division of the Singapore High Court to place the company under judicial management.
The company has also proposed for Deloitte & Touche’s Tan Wei Cheong and Lim Loo Khoon to become its joint judicial managers to manage its affairs, business and property.
