All Measure Technology (S) Pte. Ltd.
Key facts
| Court | High Court (General Division) |
|---|---|
| Decided | |
| Judge | Goh Yihan |
| Charges / claim | Companies |
| Counsel | Aquinas Law Alliance LLP, Fervent Chambers LLC, Focus Law Asia LLC, Harry Elias Partnership LLP, Rajah & Tann Singapore LLP, Kieran Martin Singh Dhaliwal, Ng Wei Kit Joshua, Sim Kwan Kiat, Tan Ming Yew Clarence, Timothy Ang Wei Kiat, Toh Ming Wai, Yeo En Fei Walter |
Source: [2023] SGHC 148, High Court (General Division), decided — eLitigation. Updated .
Catchwords
Practice Areas
Judges (1)
Counsel (12)
Parties (2)
Case Significance
Re All Measure Technology (S) Pte Ltd (RHB Bank Bhd, non-party) [2023] SGHC 148 is an ex tempore judgment of Goh Yihan JC in the General Division of the High Court, delivered on 17 May 2023 in Originating Application No 350 of 2023 and Summons No 1114 of 2023. The applicant, All Measure Technology (S) Pte Ltd, sought a moratorium under s 64 of the Insolvency, Restructuring and Dissolution Act 2018, which creditor RHB Bank Berhad and several others opposed. Goh Yihan JC allowed SUM 1114 to amend and shorten the moratorium sought, but dismissed OA 350.
Summary
All Measure Technology (S) Pte Ltd, a distributor of test and measurement equipment that had fallen into financial distress, applied under section 64 of the Insolvency, Restructuring and Dissolution Act 2018 for a moratorium against creditors including RHB Bank Berhad. The court dismissed the application, finding that it did not comply with the procedural requirements, that the proposed scheme was insufficiently particularised and lacked bona fides, and that there was no support from the general run of creditors, this being the applicant's second such application within 12 months.
What did the court decide in Re All Measure Technology (S) Pte Ltd [2023] SGHC 148?
Goh Yihan JC allowed Summons No 1114 of 2023 to amend and shorten the sought moratorium from three months to two, but dismissed the applicant's main application (OA 350) for a moratorium under s 64 of the Insolvency, Restructuring and Dissolution Act 2018 on 17 May 2023.
Why did the applicant seek a moratorium in [2023] SGHC 148?
All Measure Technology (S) Pte Ltd sought a moratorium under s 64 of the Insolvency, Restructuring and Dissolution Act 2018 to pursue a scheme of arrangement. It had made a similar application within the previous 12 months, and creditor RHB Bank Berhad and several others opposed it.
Statutes Cited
Cases Cited (6)
Related cases
Other Singapore judgments on the same subject, most closely matched first.
Referenced in
Statutes interpreted in this judgment
Legal concepts & references
Judgment
Read the full judgment on the official Singapore Courts portal.
Read on eLitigationSource: eLitigation ([2023] SGHC 148)