Kal Freight Inc., which has been accused of double-pledging its trucks and trailers as collateral, is accused of having more than $24 million in unpaid invoices by two trailer manufacturers who also say the bankrupt trucking firm wrongfully obtained California titles.
Vanguard National Trailer Corp. and CIMC Reefer Trailer Inc. sued Kal Freight and Kal Trailers & Leasing Inc. on Thursday in the US Bankruptcy Court for the Southern District of Texas for breach of contract, conversion, theft under California law, and fraud.
The manufacturers also seek damages from the companies’ owner, Kalvinder Singh, for aiding and abetting.
Two independent ...
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