Hodlnaut Placed Under Interim Judicial Management by Singapore Court

Hodlnaut placed under Interim Judicial Management by Singapore court, it is a type of creditor protection. Judicial management is a form of debt restructuring that sees an entity manage the business, property and assets of a distressed company. Hodlnaut will be protected from legal proceedings from third parties. On Aug. 29, Hodlnaut's legal representatives attended a court hearing alongside two creditors, both of which submitted nominations for IJM candidates. The judge appointed Ee Meng Yen Angela and Aaron Loh Cheng Lee, as Hodlnaut's interim judicial managers.