Houghton failed to find a buyer before the end of the season and several high-profile players, including Franz Burgmeier and Pawel Abbott, departed as players were told they were free to find a new club.
Hopes were raised when Houghton applied for a Company Voluntary Agreement for creditors to accept 0.09p in the pound of monies owed, following Singh's interest, which was approved.
And the Singh consortium were confident enough to appoint manager Colin Todd in the interim period, as well as sanctioning contracts for players such as Dean Windass, Lee Thorpe and Jeff Smith.
Darlington kick off the League Two season with a trip to Aldershot on Saturday.
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