honestbee creditor sues ex-CEO for US$3.8m loaned to startup
High Court suit filed before honestbee's move on Thursday to seek court protection from its lenders
Sharanya Pillai
Singapore
HONESTBEE co-founder and former chief executive Joel Sng is being sued by a creditor of the company for the repayment of a US$3.8 million loan that was made to honestbee, according to High Court filings dated July 19 obtained by The Business Times .
The plaintiff in the suit is Benjamin Lim Jia-Rong, who is represented by solicitors April Cheah and Julian Tay of law firm Lee and Lee. Mr Sng is represented by Solitaire LLP's Nichol Yeo, who was formally appointed on Thursday.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Singapore workers experiencing rising anxiety; signs of fallout from pressure to use AI