Shalabh Mittal has stepped down as chief executive of Mercator Lines (Singapore), the company confirmed early Thursday morning.
He is the last of the current management team to resign from the company following the appointment of a court-appointed manager.
His father and company founder Harish Kumar Mittal resigned as chairman and non-executive director earlier this week.
On Tuesday Yit Chee Wah of Singapore’s FTI Consulting was brought in as judicial manager following an application on Monday by HSH Nordbank.
He
