Harendra Singh could be forced to bankruptcy by creditor

A creditor seeking millions of dollars from restaurateur Harendra Singh may try to force his companies into bankruptcy, according to a court filing.

The federal Pension Benefit Guaranty Corp. took over an insolvent pension plan from Singh’s Quinn Restaurant Corp. in 2012. Last year the PBGC sued Quinn Restaurant, which ran the Water’s Edge in Long Island City, Queens, as well as other Singh companies in federal court for $3.2 million.

The suit named several companies, called the “Quinn Defendants” in court filings, including SRB Concession Inc., which runs Oyster Bay’s Tobay Beach concession, and S.R.B. Convention & Catering Corp., which runs the town’s golf course concession.

“Bankruptcy proceedings may be the best means of maximizing the recovery of the Quinn Defendants’ creditors,” the PBGC said in a March 4 court filing. The PBGC also sued more than two dozen of Singh’s creditors so the court can establish who gets paid first.

Singh, who is in jail awaiting trial on 13 federal charges that include bribing an Oyster Bay official, sold his shares of the SRB companies to at least three investors, though his wife held onto her shares.

The defendants and about two dozen creditors are due in federal court in Brooklyn for a conference today.