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RHTLaw Taylor Wessing’s Deputy Head of Litigation & Dispute Resolution Practice, Nandakumar Renganathan, was quoted in The Straits Times article titled “Ivy Lee Realty fighting application to wind up firm”.
The article discusses the High Court case of realty firm, Ivy Lee Realty, averting an application by licensed moneylender MWA Capital, to wind up the company for failure to pay up its loan.
Representing MWA Capital, Nandakumar informed the Court that Ivy Lee Realty was unable to pay the judgment sum to MWA Capital. He added that the company has insufficient funds to pay the judgment sum.
This High Court case is due for another hearing at a later date.
The full article can be found on the 10 October 2015 edition of The Straits Times.