Taihe Innovation Management receivers get statutory demand set aside by high court

Maryland had established that there was arguably a substantial dispute over whether the debt demand was due. (Image: Depositphotos)

Riley Kennedy

Wed, 26 Apr 2023

The receivers of Taihe Innovation Management have had a statutory demand it served on Maryland Bassett Company set aside by a high court judge.Last year, Taihe served Maryland with a demand seeking to recover an alleged debt of just over $660,000, including interest, which is said to have arisen from a loan agreement between the two.The receivershipLast July, PKF’s Christopher McCullagh and Stephen Lawrence took control of the company run by Lei 'Andy' Zhang. In 2019, Taihe entered into a “funding agreement” with...

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