An update on Hodlnaut’s IJM hearing on 29 August 2022
Dear users, our legal representatives have attended the Interim Judicial Management hearing on 29 August 2022.
During the Judge’s last hearing on 26 August 2022, the Judge requested for further nominations of IJM candidates to be made by two creditors. Following that request, these two creditors were in attendance and they submitted their nominations by the Judge’s timeline.
The Court has delivered judgement on 29 August 2022, and has been confirmed that Hodlnaut will be placed under Interim Judicial Management. The Judge has appointed Ee Meng Yen Angela and Aaron Loh Cheng Lee, care of EY Corporate Advisors Pte. Ltd., as the Interim Judicial Managers.
We will not be able to provide further information at this juncture, but hope to provide further updates once our IJMs determine it necessary to do so. 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.
Approved for release by the IJMs. The affairs, business and property of the Company are being managed by the Interim Judicial Managers appointed by the Court. Pursuant to section 102(1)(a) of the Insolvency, Restructuring, and Dissolution Act 2018, the Interim Judicial Managers act only as agents for and on behalf of the Company and do not assume responsibility whatsoever in respect of any contracts entered into by the Company whether by this update or by any action taken on their part.
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.
