This means its creditors including DBS, OCBC, UOB can continue claims or writs of asset seizure and sale
[SINGAPORE] The Autobahn Rent A Car group of seven related companies has withdrawn its appeal on its dismissed application for creditor protection.
The Business Times understands that the group withdrew its appeal on Tuesday (Jan 6).
Clarence Lun, the solicitor for the group, said: “Following lengthy consideration, our client has decided to pause business due to operational constraints and insurance cancellation. Our client will continue to work with hirers and creditors to return the vehicles for a seamless transition. While our clients are disappointed with the state of affairs, our client takes this opportunity to wish all creditors and car hirers well.”
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