X DIAMOND CAPITAL PTE LTD

Q: Which legislation does [2023] SGHC 253 consider?

The judgment refers to Companies Act (Cap 50), Evidence Act (Cap 97), 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 253 High Court (General Division) 8 September 2023 HC/OA 148/2023 27 min read

10 cases cited Cited by 1 case

Key facts

Court	High Court (General Division)
Decided	8 September 2023
Judge	Goh Yihan
Charges / claim	Insolvency Law
Counsel	Dentons Rodyk & Davidson LLP, Setia Law LLC, 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 253, High Court (General Division), decided 8 September 2023 — eLitigation. Updated 10 July 2026.

Catchwords

Insolvency Law — Judicial management — Judicial management order Insolvency Law — Judicial management — Appointment of judicial manager

Practice Areas

Insolvency Law

Judges (1)

Goh Yihan Delivered

Counsel (9)

Dentons Rodyk & Davidson LLP Firm Setia Law LLC Firm Cheong Wei Wen John Counsel Applicant Lee Jin Loong Counsel Non-Party Low Chai Chong Counsel Applicant Sean Chen Siang En Counsel Applicant Shermaine Lim Jia Qi Counsel Applicant Yam Wern Jhien Counsel Non-Party Zhulkarnain Bin Abdul Rahim Counsel 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 253 is a reserved judgment of Goh Yihan JC in the General Division of the High Court, delivered on 8 September 2023 in Originating Application No 148 of 2023. X Diamond Capital Pte Ltd, a Singapore company incorporated on 13 May 2019 whose sole director is Mr Deng Yiming and which deals in jewellery and piezo-electric devices, applied for a judicial management order under Part 7 (ss 90, 91 and 92) of the Insolvency, Restructuring and Dissolution Act 2018. Metech International Limited, a creditor via its joint-venture with Asian Green Tech Pte Ltd, opposed the application. Having heard the parties, Goh Yihan JC allowed the Company's application for the reasons given.

[2023] SGHC 253 explained

X DIAMOND CAPITAL PTE LTD ([2023] SGHC 253) is a Singapore judgment decided by the High Court (General Division) on 8 September 2023. It is categorised under Insolvency Law. Within this corpus it has since been cited by 1 other reported Singapore judgment, 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 253 about?

X DIAMOND CAPITAL PTE LTD ([2023] SGHC 253) is a High Court (General Division) decision from 2023. Its published catchwords are “Insolvency Law — Judicial management — Judicial management order” and “Insolvency Law — Judicial management — Appointment of 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 253 consider?

The judgment refers to Companies Act (Cap 50), Evidence Act (Cap 97), 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 253 cite?

Among the in-corpus authorities it refers to are [2023] SGHC 201, [2023] SGHC 122, and [2023] SGHC 43. The complete list of cases cited, and of later cases that cite this decision, is shown on this page.

How influential is [2023] SGHC 253?

Within this corpus, [2023] SGHC 253 has been cited by 1 later reported Singapore judgment. 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

X Diamond Capital Pte Ltd applied for a judicial management order under Part 7 of the Insolvency, Restructuring and Dissolution Act 2018, opposed by its creditor Metech International Limited following disputes arising from a joint venture and a related loan arrangement. Metech also objected to the proposed judicial manager. The High Court allowed the application and appointed Mr Tam as judicial manager.

What was Re X Diamond Capital Pte Ltd [2023] SGHC 253 about?

It was an application by X Diamond Capital Pte Ltd before Goh Yihan JC for a judicial management order under Part 7 of the Insolvency, Restructuring and Dissolution Act 2018, opposed by creditor Metech International Limited, which the court allowed on 8 September 2023.

Did the court grant the judicial management order in [2023] SGHC 253?

Yes. Goh Yihan JC allowed X Diamond Capital Pte Ltd's application for a judicial management order under ss 90, 91 and 92 of the Insolvency, Restructuring and Dissolution Act 2018, over the opposition of creditor Metech International Limited, on 8 September 2023.