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Lim Jun Da Bryan v Interior Times (Conquest) Pte Ltd (Koh Jia Jun and another, non-parties) [2026] SGHC 35
A winding up application on the just and equitable ground will be dismissed where the applicant, as majority shareholder, has the power to resolve the deadlock or management issues through ordinary corporate processes.
Zhong Shan Strategic Fund v RG Strategy Fund VCC [2025] SGHC 174
A sub-fund of an umbrella VCC may be wound up by the court under the VCC Act. A redemption request does not automatically create a debt if the redemption is suspended under the fund's constitution.
Re Chen Weiwen Kelvin (DBS Bank Ltd and another, non-parties) [2025] SGHCR 13
The court held that the sole test for insolvency under Part 14 of the IRDA is the cash flow test, and that a proposal for a voluntary arrangement must be serious and viable to warrant an interim order.
CH Biovest Pte Ltd v Envy Asset Management Pte Ltd (in liquidation) and others [2025] SGCA 3
The court held that payments made by a Ponzi scheme operator to investors in excess of their principal investment are not contractually owed profits but are non-contractual payments that can be avoided under insolvency avoidance provisions.
Re Bu Shen Xi (S) Pte Ltd (Official Receiver, non-party) [2024] SGHC 247
A company may be wound up by the court under s 125(1)(a) of the IRDA if a special resolution has been validly passed, subject to the court's discretion considering creditors' interests and the absence of bad faith.
Re AAX Asia Pte Ltd (under judicial management) and another [2023] SGHC 324
The court held that an interim judicial manager has standing to bring a winding up application under s 124(1)(h) of the IRDA, and that the need to empower a liquidator to conduct enhanced investigations for the benefit of unsecured creditors is a sufficient ground to wind up a co
Europ Assistance Holding SA v ONB Technologies Pte Ltd (ONB Holdings Pte Ltd, non-party) [2023] SGHC 226
A winding-up application will be dismissed where the claimant fails to prove the company is unable to pay its debts under the cash flow test, and where the underlying debt is subject to a valid arbitration agreement.