Honestbee faces possible liquidation

Creditors could file for its closure after court dismisses its application for scheme meeting

The entrance of Honestbee's Habitat supermarket in Boon Leat Terrace on March 16. The start-up's chief executive Ong Lay Ann said it is "currently considering next steps" following Thursday's court ruling.
The entrance of Honestbee's Habitat supermarket in Boon Leat Terrace on March 16. The start-up's chief executive Ong Lay Ann said it is "currently considering next steps" following Thursday's court ruling. ST PHOTO: MARK CHEONG
Choo Yun Ting
Business Correspondent
Updated
Mar 18, 2021, 01:14 AM
Published
Mar 28, 2020, 05:00 AM
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Local start-up Honestbee could be heading for liquidation after its application to convene a scheme meeting was dismissed by the High Court on Thursday.

The beleaguered firm is no longer under court protection from its creditors, which could pave the way for any of its 1,000 or so creditors to file a winding-up application against it.

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A version of this article appeared in the print edition of The Straits Times on March 28, 2020, with the headline Honestbee faces possible liquidation. Subscribe

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