According to a November report by The Straits Times, Shariot was among nine related companies that requested their creditors to hold off on recovering debts while they explored restructuring options.
Shariot, Autobahn Rent A Car and seven other companies are reportedly interlinked in terms of their financial, operational and fleet-related arrangements and have the same shareholders.
In December, The Straits Times reported that a group of 18 related companies, including Shariot and Autobahn Rent A Car, had applied to the High Court for a six-month moratorium to halt creditor actions.
