Landlord to oppose Kitchen Culture unit's judicial management application

KIM Hup Lee & Co will oppose the judicial management application filed by KHL Marketing Asia-Pacific (KHLM), a wholly-owned subsidiary of Kitchen Culture, according to a regulatory filing on Monday (Feb 7).

KHLM had on Jan 13 filed an application in the High Court for an order to place itself under judicial management.

The Kitchen Culture unit had also received a winding up application from Kim Hup Lee, its landlord, on Dec 16, 2021.

It allegedly owes Kim Hup Lee outstanding rental arrears amounting to S$1.8 million for the first, second and third floors of 25 New Industrial Road between 2016 and 2018.

Kim Hup Lee's solicitors indicated the landlord's intention to oppose the judicial management application at the pre-trial conference for both judicial management and winding-up applications on Feb 3.

The court has since directed that any creditors of KHLM that oppose the judicial management application must file their affidavit by Feb 17, 4 pm.

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Sign UpVIEW ALL

Both judicial management and winding-up applications will be heard together. The hearing is fixed on Mar 16.

Shares of Catalist-listed Kitchen Culture have been suspended from trading since Jul 7, 2021.

READ MORE:

• Winding up application filed against Kitchen Culture's subsidiary
• Kitchen Culture to unwind unapproved payment; CAD report lodged against interim CEO
• Ex-CEO serves Kitchen Culture with writ of summons