LITT
Try LITT free
Re MM2 Asia Ltd (Linkwasha Holdings Pte Ltd, non-party [2025] SGHC 251
The court granted a four-month moratorium under s 64 of the IRDA, finding that the application was made in good faith and that there was sufficient evidence of creditor support, despite the lack of a fully-fleshed out restructuring proposal at this preliminary stage.
UT Singapore Services Pte Ltd v Goh Thien Phong and others and another appeal [2025] SGCA 17
The classification of creditors in a scheme of arrangement is a jurisdictional requirement. Objections to class composition should be raised at the convening stage, but the court must consider them at the sanction stage even if raised late, subject to potential cost consequences.
Re Babel Holding Ltd (Parastate Labs, Inc and others, non-parties) [2023] SGHC 329
The court granted leave to convene a scheme meeting, finding that the proposed Deed Poll Structure and substantive consolidation were appropriate given the hopelessly intertwined affairs of the Babel Group, and that the creditor classification was correct as Parastate's claims we
UT Singapore Services Pte Ltd v Goh Thien Phong and others and another appeal
The classification of creditors in a scheme of arrangement is a jurisdictional requirement. Objections to classification should be raised at the convening stage, but the court must consider them at the sanction stage even if raised late, subject to potential cost consequences.