Logistics Construction Pte Ltd
Key facts
| Court | High Court (General Division) |
|---|---|
| Decided | |
| Judge | Goh Yihan |
| Charges / claim | Companies |
| Counsel | Aquinas Law Alliance LLP, Chong Chia & Lim LLC, Covenant Chambers LLC, Dentons Rodyk & Davidson LLP, Eldan Law LLP, Harry Elias Partnership LLP, Rajah & Tann Singapore LLP, Salem Ibrahim LLC, WHM Law Corporation, Chan Kok Yeow, Chong Kuan Keong, Christabelle Arya Gerard, Chua Peili Jacelyn, Darren Neo Eng Jye, Foong Han Peow, Jeffrey Lee Soon Quan, Kong Hui Xin, Annette, Lailatulqadriah binte Jaffar, Lee Kok Weng Mark, Lee Lieyong Sean, Loh Pei Wen Bernadette Rena, Lye Yu Min, Muhammad Imran Bin Abdul Rahim, Oh Shi Jie Jonathan, Tan Han Ru Amelia, Tan Jia Jun, James, Tay Yan Xia, Wang Yulong |
Source: [2023] SGHC 231, High Court (General Division), decided — eLitigation. Updated .
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Judges (1)
Counsel (28)
Parties (1)
Case Significance
Re Logistics Construction Pte Ltd [2023] SGHC 231 is a grounds of decision of Goh Yihan JC in the General Division of the High Court, delivered on 18 August 2023 in Originating Application No 726 of 2023. The applicant, Logistics Construction Pte Ltd, a Singapore-incorporated company and wholly owned subsidiary of Catalist-listed Boldtek Holdings Limited, applied for a six-month moratorium under section 64(1) of the Insolvency, Restructuring and Dissolution Act 2018. At the hearing on 14 August 2023, Goh Yihan JC allowed the application but granted only a three-month moratorium, providing brief grounds for the benefit of the numerous creditors.
Summary
Logistics Construction Pte Ltd, a Singapore building company and wholly owned subsidiary of Catalist-listed Boldtek Holdings Limited, applied for a six-month moratorium under s 64(1) of the Insolvency, Restructuring and Dissolution Act 2018 after financial difficulties linked to the COVID-19 pandemic and its parent's trading suspension. Goh Yihan JC allowed the application but shortened the moratorium to three months, reasoning that an application to extend would not be unduly resource-intensive. The moratorium order and other ancillary prayers, including voluntary disclosures, were granted.
What was Re Logistics Construction Pte Ltd [2023] SGHC 231 about?
It was an application by Logistics Construction Pte Ltd before Goh Yihan JC for a six-month moratorium under section 64(1) of the Insolvency, Restructuring and Dissolution Act 2018. The court allowed the application but granted only a three-month moratorium on 18 August 2023.
How long was the moratorium granted in [2023] SGHC 231?
Goh Yihan JC allowed a three-month moratorium rather than the six months sought by Logistics Construction Pte Ltd, a wholly owned subsidiary of Catalist-listed Boldtek Holdings Limited, at the hearing on 14 August 2023.
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Cited By (1)
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Judgment
Read the full judgment on the official Singapore Courts portal.
Read on eLitigationSource: eLitigation ([2023] SGHC 231)