Meta Health Seeks Bankruptcy Order Against Former Medical Chief Over Unpaid Settlement

MT Newswires

2025/03/11

Meta Health (SGX:5DX) has applied for a bankruptcy order against former chief medical officer Vasanthan Metupalle and his spouse, Jagannathan Padmaja Sakthi, after they failed to pay the second tranche of a settlement, according to a Monday filing on the Singapore Exchange.

Metupalle and Sakthi had agreed to pay the settlement in two parts, with the second tranche due by Dec. 31, 2024. While the first payment was made in May 2024, the second tranche remains unpaid despite a statutory demand issued on Jan. 28 and a Feb. 18 deadline.

Meta filed the bankruptcy application with the High Court of Singapore on March 5.

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