PT BANK NEGARA INDONESIA (PERSERO) TBK, SINGAPORE BRANCH v FAROOQ AHMAD MANN (IN HIS CAPACITY AS JUDICIAL MANAGER) & Anor

Q: Which legislation does [2023] SGHC 249 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 249 High Court (General Division) 6 September 2023 HC/OA 130/2023 · HC/OA 184/2023 · HC/OA 448/2023 36 min read

12 cases cited (9 SG, 3 foreign) Cited by 2 cases

Key facts

Court	High Court (General Division)
Decided	6 September 2023
Judge	Goh Yihan
Charges / claim	Insolvency Law
Counsel	Providence Law Asia LLC, Sim Chong LLC, Tan Peng Chin LLC, Alston Yeong, Chen Sixue, Chloe Chong Wei Shan, Huang Xinli Daniel, Lau Hui Ming Kenny, Pang Chong Ren Alexander, Sim Chong, Vergis S Abraham

Source: [2023] SGHC 249, High Court (General Division), decided 6 September 2023 — eLitigation. Updated 10 July 2026.

Catchwords

Insolvency Law — Judicial management — Proof of debt Insolvency Law — Judicial management — Extension of time Insolvency Law — Judicial management — Duties of interim judicial manager

Practice Areas

Insolvency Law

Judges (1)

Goh Yihan Delivered

Counsel (11)

Providence Law Asia LLC Firm Sim Chong LLC Firm Tan Peng Chin LLC Firm Alston Yeong Counsel Respondent Chen Sixue Counsel Claimant Chloe Chong Wei Shan Counsel Claimant Huang Xinli Daniel Counsel Respondent Lau Hui Ming Kenny Counsel Respondent Pang Chong Ren Alexander Counsel Claimant Sim Chong Counsel Claimant Vergis S Abraham Counsel Respondent

Parties (4)

Emirates NBD Bank (PJSC), Singapore Branch Claimant Golden Mountain Textile and Trading Pte Ltd Respondent PT Bank Negara Indonesia (Persero) TBK, Singapore Branch Claimant Farooq Ahmad Mann Respondent

Case Significance

PT Bank Negara Indonesia (Persero) TBK, Singapore Branch v Farooq Ahmad Mann (in his capacity as judicial manager) and another [2023] SGHC 249 is a judgment of Goh Yihan JC in the General Division of the High Court, delivered on 6 September 2023, disposing of Originating Applications Nos 130, 184 and 448 of 2023 concerning Golden Mountain Textile and Trading Pte Ltd (in judicial management). The applications, brought under Part 7 of the Insolvency, Restructuring and Dissolution Act 2018 (including ss 115 and 107(3)(a)) by claimants PT Bank Negara Indonesia (Persero) TBK, Singapore Branch and Emirates NBD Bank (PJSC), Singapore Branch, together with the judicial manager Farooq Ahmad Mann, concern proof of debt, extension of time and the duties of the interim judicial manager. The judgment addresses those judicial-management issues.

[2023] SGHC 249 explained

PT BANK NEGARA INDONESIA (PERSERO) TBK, SINGAPORE BRANCH v FAROOQ AHMAD MANN (IN HIS CAPACITY AS JUDICIAL MANAGER) & Anor ([2023] SGHC 249) is a Singapore judgment decided by the High Court (General Division) on 6 September 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 249 about?

PT BANK NEGARA INDONESIA (PERSERO) TBK, SINGAPORE BRANCH v FAROOQ AHMAD MANN (IN HIS CAPACITY AS JUDICIAL MANAGER) & Anor ([2023] SGHC 249) is a High Court (General Division) decision from 2023. Its published catchwords are “Insolvency Law — Judicial management — Proof of debt”, “Insolvency Law — Judicial management — Extension of time”, and “Insolvency Law — Judicial management — Duties of interim judicial manager”, 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 249 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 249 cite?

Among the in-corpus authorities it refers to are [2023] SGHC 83. The complete list of cases cited, and of later cases that cite this decision, is shown on this page.

How influential is [2023] SGHC 249?

Within this corpus, [2023] SGHC 249 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

Three applications concerning Golden Mountain Textile and Trading Pte Ltd (in judicial management) were heard together: PT Bank Negara Indonesia and Emirates NBD Bank sought orders under s 115 of the Insolvency, Restructuring and Dissolution Act 2018 relating to the judicial manager's decisions, while the judicial manager Farooq Ahmad Mann sought an extension of time under s 107(3)(a) to file his statement of proposals. The court found the judicial manager had good reason for an extension given he could not effectively engage with the banks amid their challenges to his appointment. It dismissed the banks' applications (OA 130 and OA 184) and allowed OA 448.

What was PT Bank Negara Indonesia v Farooq Ahmad Mann [2023] SGHC 249 about?

It was a set of applications before Goh Yihan JC concerning Golden Mountain Textile and Trading Pte Ltd (in judicial management), raising proof of debt, extension of time and duties of the interim judicial manager under Part 7 of the IRDA, decided on 6 September 2023.

Who were the parties in [2023] SGHC 249?

The claimants were PT Bank Negara Indonesia (Persero) TBK, Singapore Branch and Emirates NBD Bank (PJSC), Singapore Branch; the respondents were judicial manager Farooq Ahmad Mann and Golden Mountain Textile and Trading Pte Ltd (in judicial management).