SCOOP: Several Vauld creditors take ‘hostile’ action against the firm, new affidavit shows by Yogita_Khatri5
A new Vauld affidavit obtained by The Block shows that some creditors of the troubled firm have taken ‘hostile’ action against it while it explores restructuring options.
Claim amounts of the creditors aren't mentioned in the affidavit except for one creditor who has claimed around $340,000 plus interest through a demand letter.did not mention that creditors were taking"hostile" action against the firm, as The Block reported at the time. Vauld had received several, separate letters of claims at the time from select creditors, claiming a total of more than $2 million.
Creditor support is one factor that would determine the court's decision and Vauld seems to have received that support, according to the new affidavit. The firm requested creditor support via a Google form and the deadline to submit the form was today, 6 pm Singapore time. Vauld's seventh largest creditor, an individual with a claim amount of approximately US$3.5 million, has also shown support, according to a separate affidavit filed by them in the court and obtained by The Block.
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