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The two get-togethers’ partnership deteriorated as a result of unpaid gas source invoices. NiQuan reportedly owed TTUDECOL above US$21 million, which led TTUDECOL to terminate its gasoline supply contract with NiQuan in August 2023.

Choose-in necessary. Account should have Original eligible direct deposits, needs to be in very good standing and have an activated chip-enabled debit card to choose-in. Ongoing suitable direct deposits and other standards apply to keep up eligibility for overdraft defense. Only debit card buy transactions are eligible for overdraft defense and overdrafts are paid out at our discretion. We reserve the best to not fork out overdrafts. For example, we might not fork out overdrafts When the account just isn't in excellent standing, or will not be acquiring ongoing eligible immediate deposits, or has a lot of overdrafts.

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Mungal’s appointment as receiver may perhaps lead creditors to take a look at liquidating NiQuan’s assets to Get well resources or dealing with him to stabilise the corporation economically if a recovery plan appears practical.

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