GROUP LEASE HOLDINGS PTE LTD & Anor v JTRUST ASIA PTE LTD

Q: Which legislation does [2023] SGHC(A) 37 consider?

The judgment refers to Supreme Court of Judicature Act (Cap 322). The statutes cited are listed in full on this page, each linking to its primary text.

[2023] SGHC(A) 37 High Court (Appellate Division) 22 November 2023 AD/CA 42/2023 12 min read

8 cases cited (7 SG, 1 foreign) Cited by 3 cases

Outcome

Appeal dismissed

we dismiss the appeal.

Source: [2023] SGHC(A) 37, High Court (Appellate Division), decided 22 November 2023. Read directly from the judgment.

Key facts

Court	High Court (Appellate Division)
Decided	22 November 2023
Judges	Kannan Ramesh, See Kee Oon, Woo Bih Li
Charges / claim	Res Judicata, Civil Procedure
Outcome	Appeal dismissed
Counsel	Chan Leng Sun LLC, Colin Liew LLC, Dentons Rodyk & Davidson LLP, Wong & Leow LLC, Ang Hsueh Ling Celeste, Chan Leng Sun, Chia Huai Yuan, Clarence Cheang Wei Ming, Lee Zhe Xu, Liew Wey-ren Colin, Melvin See Hsien Huei, Pan Xingzheng Edric, Philip Teh Ahn Ren, Tan Jia Xin, Teh Kee Wee Lawrence, V Santhosh, Yap Yong Li, Yiu Kai Tai

Source: [2023] SGHC(A) 37, High Court (Appellate Division), decided 22 November 2023 — eLitigation. Updated 10 July 2026.

Catchwords

Res Judicata — Issue estoppel Civil Procedure — Stay of proceedings

Practice Areas

Res Judicata Civil Procedure

Judges (3)

Kannan Ramesh Delivered See Kee Oon Coram Woo Bih Li Coram

Counsel (18)

Chan Leng Sun LLC Firm Colin Liew LLC Firm Dentons Rodyk & Davidson LLP Firm Wong & Leow LLC Firm Ang Hsueh Ling Celeste Counsel Respondent Chan Leng Sun Counsel Respondent Chia Huai Yuan Counsel Appellant Clarence Cheang Wei Ming Counsel Appellant Lee Zhe Xu Counsel Respondent Liew Wey-ren Colin Counsel Respondent Melvin See Hsien Huei Counsel Appellant Pan Xingzheng Edric Counsel Appellant Philip Teh Ahn Ren Counsel Appellant Tan Jia Xin Counsel Respondent Teh Kee Wee Lawrence Counsel Appellant V Santhosh Counsel Appellant Yap Yong Li Counsel Respondent Yiu Kai Tai Counsel Respondent

Parties (3)

Group Lease Holdings Pte Ltd Appellant JTrust Asia Pte Ltd Respondent Mitsuji Konoshita Appellant

Case Significance

Group Lease Holdings Pte Ltd and another v JTrust Asia Pte Ltd [2023] SGHC(A) 37 is an ex tempore judgment of the Appellate Division of the High Court delivered by Kannan Ramesh JAD, sitting with Woo Bih Li JAD and See Kee Oon JAD, on 22 November 2023. In Civil Appeal No 42 of 2023, the appellants challenged the decision below in HC/OS 780/2021 to award JTrust Asia Pte Ltd damages of US$124,474,854.00 plus interest and to decline a case management stay in favour of proceedings in Thailand. The dispute, centred on three investment agreements entered in March 2015, June 2016 and December 2016, raised issues of res judicata and issue estoppel; the Appellate Division dismissed the appeal. The judgment references the Supreme Court of Judicature Act, cites 8 authorities and has been cited 3 times.

[2023] SGHC(A) 37 explained

GROUP LEASE HOLDINGS PTE LTD & Anor v JTRUST ASIA PTE LTD ([2023] SGHC(A) 37) is a Singapore judgment decided by the High Court (Appellate Division) on 22 November 2023. It is categorised under Res Judicata and Civil Procedure. Within this corpus it has since been cited by 3 other reported Singapore judgments, a measure of how often later decisions have referred to it. This page summarises what the reported decision covers and links the primary sources — the full judgment, the statutes it cites, and the other cases it engages with — so the decision can be read in context. It is reference information, not legal advice, and it does not state the outcome or any holding beyond what the official judgment records.

What is [2023] SGHC(A) 37 about?

GROUP LEASE HOLDINGS PTE LTD & Anor v JTRUST ASIA PTE LTD ([2023] SGHC(A) 37) is a High Court (Appellate Division) decision from 2023. Its published catchwords are “Res Judicata — Issue estoppel” and “Civil Procedure — Stay of proceedings”, which indicate the subject matter the judgment addresses. The full reasoning and orders are in the judgment itself, linked below.

Which legislation does [2023] SGHC(A) 37 consider?

The judgment refers to Supreme Court of Judicature Act (Cap 322). The statutes cited are listed in full on this page, each linking to its primary text.

What earlier Singapore cases does [2023] SGHC(A) 37 cite?

Among the in-corpus authorities it refers to are [2023] SGHC 167. The complete list of cases cited, and of later cases that cite this decision, is shown on this page.

How influential is [2023] SGHC(A) 37?

Within this corpus, [2023] SGHC(A) 37 has been cited by 3 later reported Singapore judgments. That count reflects references from other decisions held in this corpus only and is a conservative lower bound on how often the case has actually been cited.

Summary

This appeal by Group Lease Holdings Pte Ltd and Mr Mitsuji Konoshita against JTrust Asia Pte Ltd concerned a long-running dispute over three investment agreements involving convertible debentures. The judge below had awarded JTrust Asia damages of US$124,474,854 plus interest and declined a case management stay in favour of proceedings in Thailand. The Appellate Division dismissed the appeal, agreeing the Thai proceedings were not relevant, and awarded costs of $50,000 to JTrust Asia to be borne by the appellants jointly and severally.

What did Group Lease Holdings Pte Ltd v JTrust Asia Pte Ltd [2023] SGHC(A) 37 decide?

The Appellate Division, in an ex tempore judgment by Kannan Ramesh JAD, dismissed Civil Appeal No 42 of 2023, upholding the award of US$124,474,854.00 plus interest to JTrust Asia and the refusal of a case management stay favouring Thai proceedings.

How much was awarded below in the JTrust Asia dispute in [2023] SGHC(A) 37?

The judge below awarded JTrust Asia Pte Ltd damages of US$124,474,854.00 and interest in HC/OS 780/2021; the Appellate Division dismissed the appeal against that decision and the refusal of a case management stay.