Ezra gets High Court nod for cross-border protocol on bankruptcy proceedings

Singapore

THE High Court on Tuesday approved an application by Ezra Holdings for a cross-border protocol between the Singapore court and the US Bankruptcy Court in relation to the firm's bankruptcy proceedings.

Ezra Holdings, which filed a Chapter 11 plan in the US last year after it received two statutory demands from creditors, had also applied to the Singapore court on March 1 for leave to seek a meeting with its creditors under the Companies Act.

The application here is to allow the firm time to work out an arrangement with creditors where the fi…