The Business Times
business-time-50

Creditors of Autobahn Rent A Car, Shariot group claim S$38 million more, contrary to group’s own estimates

DBS, UOB, OCBC, Teck Wei Credit and Toyota Financial Services list liabilities higher than those listed by the group

Summarise
google-preferred-sourceAdd BT as a preferred source
Derryn Wong

Derryn Wong

Published Mon, Dec 22, 2025 · 06:20 PM
阅读简体中文版 (beta)
    • Court documents mention that the group has financed some 1,200 cars in recent years, with around S$200 million in related debt.
    • Court documents mention that the group has financed some 1,200 cars in recent years, with around S$200 million in related debt. PHOTO: BT FILE

    [SINGAPORE] A group of 18 related automotive companies – including Autobahn Rent A Car and car-sharing service Shariot – may owe its creditors around S$38 million more than initially projected.

    This is according to updated claims by the group’s creditors in court documents dated Dec 12.

    According to an affidavit dated Nov 28 by Sanjay Kumar Rai, a director of Autobahn Rent A Car and representing the group, the group owes more than S$300 million to over 40 creditors.

    InsolvencyBankruptcyDisputesCarsAutomotive

    TRENDING NOW

    Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

    Qatari LNG ship struck in Strait of Hormuz, testing US talks

    This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Singapore ranks as the world’s most expensive city for cars and placed third globally for residential property.

    Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More