SINGAPORE, Feb. 19 -- Nightclub Tipsy Unicorn in Sentosa has ceased operations after the High Court placed its operator, Tipsy Bird, under compulsory liquidation.

According to Mothership, the winding-up order was issued on January 23 following an application by United Overseas Bank (UOB), which is seeking to recover more than S$96,000 (RM295,600) in outstanding debt plus interest.

Liquidators have since been appointed to review the company's financial position and claims from creditors.

The club's landlord, Sentosa Development Corporation, said operations stopped on January 30.

However, as of today, the venue's Instagram biography continues to describe the closure as temporary.

Liquidators told local media they have yet to ascertain ...