Lemarc Agromond Pte Ltd

Q: Which legislation does [2023] SGHC 236 consider?

The judgment refers to Companies Act (Cap 50), Insolvency, Restructuring and Dissolution Act, and Restructuring and Dissolution Act. The statutes cited are listed in full on this page, each linking to its primary text.

[2023] SGHC 236 High Court (General Division) 25 August 2023 HC/OA 29/2023 ( HC/SUM 2439/2023 ) 18 min read

3 cases cited Cited by 2 cases

Key facts

Court	High Court (General Division)
Decided	25 August 2023
Judge	Hri Kumar Nair
Charges / claim	Insolvency Law
Counsel	Allen & Gledhill LLP, AsiaLegal LLC, Rajah & Tann Singapore LLP, Setia Law LLC, Sim Chong LLC, TSMP Law Corporation, Chara Lam Hui Xin, Chen Sixue, Chen Yi-Tseng, Juliana Lake (Lu Zhixuan), Jung Sol, Lee Jin Loong, Loong Tse Chuan, Sim Chong

Source: [2023] SGHC 236, High Court (General Division), decided 25 August 2023 — eLitigation. Updated 10 July 2026.

Catchwords

Insolvency Law — Schemes of arrangement — Extension of moratoria

Practice Areas

Insolvency Law

Judges (1)

Hri Kumar Nair Delivered

Counsel (14)

Allen & Gledhill LLP Firm AsiaLegal LLC Firm Rajah & Tann Singapore LLP Firm Setia Law LLC Firm Sim Chong LLC Firm TSMP Law Corporation Firm Chara Lam Hui Xin Counsel Creditor Chen Sixue Counsel Applicant Chen Yi-Tseng Counsel Creditor Juliana Lake (Lu Zhixuan) Counsel Creditor Jung Sol Counsel Creditor Lee Jin Loong Counsel Creditor Loong Tse Chuan Counsel Creditor Sim Chong Counsel Applicant

Parties (1)

Lemarc Agromond Pte Ltd Applicant

Case Significance

Re Lemarc Agromond Pte Ltd [2023] SGHC 236 is a grounds of decision of Hri Kumar Nair J in the General Division of the High Court, delivered on 25 August 2023 in Originating Application No 29 of 2023 (Summons No 2439 of 2023), heard on 22 August 2023. The applicant, Lemarc Agromond Pte Ltd, an agricultural commodity trading subsidiary of the Hong Kong-incorporated Lemarc Agromond Limited, sought a second extension of a moratorium under s 64(1) of the Insolvency, Restructuring and Dissolution Act 2018, having first been granted a four-month moratorium on 10 February 2023 that was later extended to 31 July 2023. The Company sought a further extension to 15 September 2023, and Hri Kumar Nair J dismissed the application, providing these grounds to explain his decision.

[2023] SGHC 236 explained

Lemarc Agromond Pte Ltd ([2023] SGHC 236) is a Singapore judgment decided by the High Court (General Division) on 25 August 2023. It is categorised under Insolvency Law. Within this corpus it has since been cited by 2 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 236 about?

Lemarc Agromond Pte Ltd ([2023] SGHC 236) is a High Court (General Division) decision from 2023. Its published catchwords are “Insolvency Law — Schemes of arrangement — Extension of moratoria”, 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 236 consider?

The judgment refers to Companies Act (Cap 50), Insolvency, Restructuring and Dissolution Act, and Restructuring and Dissolution Act. The statutes cited are listed in full on this page, each linking to its primary text.

What earlier Singapore cases does [2023] SGHC 236 cite?

Among the in-corpus authorities it refers to are [2023] SGHC 148 and [2023] SGHC 98. The complete list of cases cited, and of later cases that cite this decision, is shown on this page.

How influential is [2023] SGHC 236?

Within this corpus, [2023] SGHC 236 has been cited by 2 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

Lemarc Agromond Pte Ltd, an agricultural commodity trading company whose Hong Kong parent had been wound up, applied under section 64(1) of the Insolvency, Restructuring and Dissolution Act 2018 for a second extension of a moratorium supporting a proposed scheme of arrangement. The company cited financing difficulties from the Covid-19 pandemic and the Russia-Ukraine war. Finding the application an exercise in delay with no meaningful progress on a scheme or reliable financial statements, the court dismissed it.

What was Re Lemarc Agromond Pte Ltd [2023] SGHC 236 about?

It was Lemarc Agromond Pte Ltd's application before Hri Kumar Nair J for a second extension of a moratorium under s 64(1) of the Insolvency, Restructuring and Dissolution Act 2018, which was dismissed, with grounds delivered on 25 August 2023.

What did the court decide in [2023] SGHC 236?

Hri Kumar Nair J dismissed the Company's application for a further extension of its moratorium to 15 September 2023, the moratorium having first been granted on 10 February 2023 for four months and later extended to 31 July 2023.