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Hin Leong, Ocean Tankers judicial management applications adjourned

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INSOLVENT oil trader Hin Leong Trading and its sister firm Ocean Tankers were supposed to have their judicial management applications heard on Monday. But a 'pure inadvertence' to publish the applications caused the hearing to be adjourned - to the dismay of lawyers for several creditors. Read more at The Business Times.

The creditors have been given undertaking upon their insistence that Hin Leong and Ocean Tankers would not withdraw their judicial management applications at the adjourned hearing, which has now been fixed to be heard on Aug 7.

These counsel have asked as well that they be paid the legal costs for Monday's hearing, given that they had intended and were prepared for the hearing to go on, but for the omission that the hearing couldn't proceed. The judge reserved his decision on this.

 

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