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

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
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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