X DIAMOND CAPITAL PTE LTD

[2023] SGHC 201 High Court (General Division) 26 July 2023 HC/OA 148/2023 ( HC/SUM 1990/2023 )

3 cases cited Cited by 2 cases

Key facts

Court	High Court (General Division)
Decided	26 July 2023
Judge	Goh Yihan
Charges / claim	Insolvency Law
Counsel	Dentons Rodyk & Davidson LLP, Setia Law LLC, Bethel Chan Ruiyi, Cheong Wei Wen John, Lee Jin Loong, Low Chai Chong, Sean Chen Siang En, Shermaine Lim Jia Qi, Yam Wern Jhien, Zhulkarnain Bin Abdul Rahim

Source: [2023] SGHC 201, High Court (General Division), decided 26 July 2023 — eLitigation. Updated 10 July 2026.

Catchwords

Insolvency Law — Insolvency, Restructuring and Dissolution (Corporate Insolvency and Restructuring) Rules 2020 — Striking out

Practice Areas

Insolvency Law

Judges (1)

Goh Yihan Delivered

Counsel (10)

Dentons Rodyk & Davidson LLP Firm Setia Law LLC Firm Bethel Chan Ruiyi Counsel for the non-party Cheong Wei Wen John Counsel for the applicant Lee Jin Loong Counsel for the non-party Low Chai Chong Counsel for the applicant Sean Chen Siang En Counsel for the applicant Shermaine Lim Jia Qi Counsel for the applicant Yam Wern Jhien Counsel for the non-party Zhulkarnain Bin Abdul Rahim Counsel for the applicant

Parties (2)

Metech International Limited Non-Party

X Diamond Capital Pte Ltd Applicant

Case Significance

Re X Diamond Capital Pte Ltd (Metech International Ltd, non-party) [2023] SGHC 201 is an ex tempore judgment of Goh Yihan JC in the General Division of the High Court, delivered on 26 July 2023 in Originating Application No 148 of 2023 (Summons No 1990 of 2023). By SUM 1990, Metech International Limited ("Metech") applied to expunge five categories of documents in Mr Deng Yiming's 3rd Affidavit dated 3 May 2023, which X Diamond Capital Pte Ltd ("XDC") had filed in support of its application to be placed under judicial management in HC/OA 148/2023. The documents comprised a Business Times article dated 23 August 2022 about Wu Yongqiang resigning as executive chairman of Nutryfarm International, a Nutryfarm announcement on the Singapore Exchange dated 8 March 2022, a WeChat exchange dated 6 November 2021, and a "poison pen email" dated 9 November 2022, under Part 7 of the Insolvency, Restructuring and Dissolution Act 2018.

Summary

In X Diamond Capital Pte Ltd's application to be placed under judicial management, creditor Metech International Limited applied to expunge five categories of documents from an affidavit, including a news article, an exchange, an anonymous email and draft Remuneration Committee minutes, and sought an injunction restraining their use. The court allowed the application to expunge the documents, including the confidential committee minutes, but declined to grant the injunction as too wide.

What was Re X Diamond Capital Pte Ltd [2023] SGHC 201 about?

It was an ex tempore ruling of Goh Yihan JC, decided on 26 July 2023, on Metech International Limited's application to expunge five categories of documents in Mr Deng Yiming's 3rd Affidavit filed by X Diamond Capital Pte Ltd in support of its judicial management application.

What documents were at issue in [2023] SGHC 201?

The documents included a Business Times article dated 23 August 2022 on Wu Yongqiang resigning as Nutryfarm International's executive chairman, a Nutryfarm SGX announcement dated 8 March 2022, a WeChat exchange dated 6 November 2021, and a "poison pen email" dated 9 November 2022.