An update on Hodlnaut’s IJM hearing on 26 August 2022
Dear users, our legal representatives have attended the Interim Judicial Management hearing today. The Court has reserved judgment until Monday, 29 August 2022, at 3:45pm to consider the following issues:
(a) Whether Hodlnaut Pte Ltd should be placed under IJM; and
(b) The IJM candidate that should be appointed.
In the interim, the Judge has asked for further nominations of IJM candidates to be made by two creditors who were in attendance at court who hold a significant sum with Hodlnaut Pte Ltd.
Separately, the next Interim Judicial Management Application Hearing has been fixed for 29 August 2022 at 3:45pm (GMT+8). In this regard, please note that unless you wish to seek directions from the Court, your attendance is not necessary. We will provide a further update after the hearing. Should you wish to attend the above hearing, please write to our solicitors, Damodara Ong LLC, at 2022000061@damodaraong.com by 12 pm (GMT+8) on 29 August 2022 with the following details:
(a) your full name, identification number / passport number, and email address registered with Hodlnaut;
(b) the date(s) and time(s) of the hearing/case conference that you wish to attend;
(c) the capacity in which you wish to attend the case conference (e.g. as a creditor); and
(d) the name of your solicitor (if any), and your solicitor’s firm (if any).
Our next update will likely be on 30 August 2022. Our updates will continue to be posted on https://www.hodlnaut.com/blog/news and communications will continue to be via email (support@hodlnaut.com), Twitter (@hodlnautdotcom) and Hodlnaut Telegram (https://t.me/hodlnaut). Thank you for your patience with us.
Disclaimer: This article is for informational purposes only, and is not an offer nor a solicitation to invest in DPT, securities, funds, partnership interests or other investments or funding or purchasing loans. It is the user's sole responsibility to conduct due diligence and research extensively into each DPT and platform, and understand that the volatility and unpredictability of the price of DPT may result in significant loss over a short period of time. No information on Hodlnaut should be considered to be business, legal, financial or tax advice regarding the use of Hodlnaut. Users should consult their own legal, financial, tax or other professional advisors before using Hodlnaut.
