AlQabas has a short item on the lawsuit by Boubyan Bank against AHC under the headline "Banks Request Delay in Bankruptcy Proceedings Against AlAbraj".
Two days ago the High Court - Commercial Section - adjourned its session until 20 April to study the case raised by Boubyan against AlAbraj Holding. Legal sources are quoted by AlQ as saying that the delay was in response to a request from the Company itself as well as from three local (Kuwaitit) banks. In its original complaint, BB asked that the Court freeze AHC's accounts with other banks and declare the Company bankrupt. The banks want time to study BB's legal complaint as well as their records regarding AHC's account with them.
For those reading this post, there are at least three companies which use Towers (AlAbraj or Abraj) in their names. AHC is a Kuwaiti company.
Earlier posts can be accessed using the label "AlAbraj Kuwait"
Earlier posts can be accessed using the label "AlAbraj Kuwait"
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