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Judge cites 'clear case of balance sheet insolvency' for placing KS Energy and its key unit under IJM

KS Energy and its unit will need their creditor bank's backing for scheme of arrangement: judge

Ex-chairman and CEO Kris Wiluan faces 112 charges of false trading and market rigging for share purchases.


IN granting OCBC's application to place embattled KS Energy and its key unit under interim judicial management (IJM), High Court Justice Aedit Abdullah said there is a "very clear case of balance sheet insolvency" at the oil services group and that a JM order would seem highly...

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