Singapore: Director of Teras Lyza declares firm’s inability to continue business due to liabilities

Barges, tugboats and bumboats operators and charterers Teras Lyza Pte Ltd director, Mr. Ramalingam S/O Ramalingam @ Kamal Deen Bin Abdullah, on Friday (16 February) made and lodged with the Official Receiver a statutory declaration, according to notices published on the Government Gazette on 26 February.

The statutory declaration by the director stated that:

1. I am a director of the abovenamed company;
2. The abovenamed company cannot by reason of its liabilities continue its business; and
3. The meetings of the abovenamed company and of its creditors have been summoned for the 8th day of March 2024, being a date within one month of the date of this Statutory Declaration.
   

In another notice, Messrs. Ng Kian Kiat and Goh Wee Teck care of 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095 have been appointed as joint and several Provisional Liquidators of the company on the 16 February.

In a third notice, a meeting of the creditors of the company will be held at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095 through an audio-visual conference on the 8 March 2024 at 2.30 pm for the purposes of:

• receiving a statement of the Company’s affairs together with a list of creditors and the estimated amounts of their claims; 
• appointing liquidators; 
• appointing a committee of inspection of not more than 5 members, if thought fit; and 
• any other business.

Photo credit: Benjamin child
Published: 27 February, 2024