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Article: RBS set to serve Montague petition
- Article from:
- The Independent (London, England)
- Article date:
- September 28, 1994
- Author:
CopyrightCopyright 1994 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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ROBERT MONTAGUE, the embattled chief executive of Central
Transport Rental Group, formerly called Tiphook, will be officially
served with a bankruptcy petition for pounds 2.3m by Royal Bank of
Scotland "in the next few days", the bank said yesterday.
The bankruptcy petition came to light two weeks ago at Tiphook's
annual meeting, and it later emerged that Mr Montague's personal
debts exceeded pounds 30m.
Sources close to Mr Montague had insisted he would be able to
come to an agreement with his creditors and head off the bankruptcy
petition, but if it is served this will be more difficult.
The process of serving will be carried out by an agent of the
bank, and involves physically touching Mr ...