Supplier payment problem allegedly rectified by Banana Leaf Apolo, suggesting withdrawal of winding-up petition.
Scoop from Singapore: Banana Leaf Apolo<?br>The toothache that's been nagging Indian restaurant, Banana Leaf Apolo, seems to have been soothed after a swift payment to their supply squad, Toh Thye San Farm. This whodunnit, which was ratcheting up legal tension, has finally been laid to rest.The good news hit the streets on Monday, June 30, when Banana Leaf Apolo announced that they had handed over the moolah to their bird provider on the 27th of June. This revelation was seconded by a credible online source.
The cat and mouse game with Lighthouse Law, representing Toh Thye San Farm, has now officially become a thing of the past. As a result, Banana Leaf Apolo's CEO, C Sankaranathan, has booked a spot at the court hearing on July 4, just to announce the withdrawal of the winding up application. No legal bill will be served between the parties in this settlement, according to Mr. Sankaranathan.
"All's well that ends well," he adds, affirming that there's no further squabble in the pipeline. Established in 1974, Banana Leaf Apolo has earned its spurs serving delectable fish head curry since then, and it seems like the public can continue to enjoy its spread at both Little India outlets, which were reportedly open as of last Friday.
This resolution follows a earlier wobble, when the Singapore Food Agency slapped a two-week suspension on its Race Course Road branch in November, due to a series of demerit points[1],[2].
[1] https://www.straitstimes.com/business/companies-markets/banana-leaf-apollo-pay-supplier-to-drop-winding-up-application[2] https://www.todayonline.com/business/banana-leaf-apollo-confirms-payment-poultry-supplier-to-withdraw-winding-up-application
- As Banana Leaf Apolo resolves its legal dispute, the focus of the industry may shift from the restaurant's financial troubles to its continued operations in the business scene.
- With the legal conflict between Banana Leaf Apolo and Toh Thye San Farm now settled, the finance industry can look towards potential collaborations and investments in the vibrant Singaporean restaurant business.
