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The winding up petition in opposition to the Fusionex Team of companies remain pending prior to the court docket and Using the Court hearing the petition in May possibly 2024.
Hitachi found out, for their shock, that from Sept to Nov, not less than one hundred ten staff had possibly resigned or been retrenched. The directors were not educated of the meaningful condition.
Hitachi court docket petition to end up Fusionex, reveal grim image of alleged unethical and irresponsible carry out by Ivan Teh and his senior Management
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As an alternative, Hitachi went to wonderful lengths in its court docket papers to update the courtroom with great depth of element of all of the irregularities and alleged wrongdoings that occurred.”
The senior management departed the business abruptly, leaving Hitachi with out a official handover of management and functions. This departure included an absence of sharing details regarding the continuity of Fusionex's operation and organization for the duration of their exit.”
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An ecosystem leader informed about the contents of Hitachi’s winding up petition did not mince his click to find out more impression of your alleged behaviour by Ivan and his Management team.