Terence Loh given 2 weeks to propose debt repayment plan

Hearing into Novena Global Healthcare co-founder's bankruptcy case - filed by Maybank - adjourned again

Maybank is seeking to recover more than $3 million in outstanding debt from Mr Terence Loh, who also owes Citibank about $2.7 million. ST FILE PHOTO
Maybank is seeking to recover more than $3 million in outstanding debt from Mr Terence Loh, who also owes Citibank about $2.7 million. ST FILE PHOTO
Joyce Lim
Senior Correspondent
Updated
Apr 16, 2021, 05:00 AM
Published
Apr 16, 2021, 05:00 AM
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Novena Global Healthcare (NGH) co-founder Terence Loh has been given two more weeks to come up with a way to repay his creditor to avoid bankruptcy.

The hearing into his bankruptcy case was adjourned for the third time yesterday after his lawyer told the court that his client needed more time to propose a plan to repay its debt to Maybank.

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A version of this article appeared in the print edition of The Straits Times on April 16, 2021, with the headline Terence Loh given 2 weeks to propose debt repayment plan. Subscribe

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