DDP & Anor v DDR & Anor
Key facts
| Court | High Court (General Division) |
|---|---|
| Decided | |
| Judge | Goh Yihan |
| Charges / claim | Insolvency Law |
| Counsel | Ling Law Corporation, Shook Lin & Bok LLP, Jerelyn Tay Yee Ying, Lin Weiwen Moses, Loo Chieh Ling Kate, Manvindar Kaur Sethi D/O Sarwan Singh |
Source: [2023] SGHC 285, High Court (General Division), decided — eLitigation. Updated .
Catchwords
Practice Areas
Judges (1)
Counsel (6)
Parties (4)
Case Significance
DDP and another v DDR (a minor) and another [2023] SGHC 285 is a reserved judgment of Goh Yihan J in the General Division of the High Court, delivered on 10 October 2023 in Originating Application No 657 of 2023. The claimants, the joint and several private trustees of the bankruptcy estate of [B], sought a declaration that the transfer of the beneficial interest in a property from [B] to his son (the first defendant), made under a Declaration of Trust dated 3 July 2020, was an undervalue transaction within section 361 of the Insolvency, Restructuring and Dissolution Act 2018, and alternatively that it was made with intent to defraud creditors within section 438 of the IRDA. The Registrar of Titles was joined as the second defendant.
Summary
The private trustees of a bankrupt's estate applied to set aside the transfer of beneficial interest in a property from the bankrupt to his minor son under a 2020 declaration of trust, arguing it was a transaction at an undervalue under s 361 and a transaction defrauding creditors under s 438 of the Insolvency, Restructuring and Dissolution Act 2018. The High Court granted the declaration of undervalue and consequential orders setting aside the trust deed and vesting the property in the estate, but made no order on the s 438 claim absent full arguments.
What was DDP v DDR [2023] SGHC 285 about?
It was an application by the private trustees of a bankruptcy estate before Goh Yihan J, decided on 10 October 2023, to set aside a bankrupt's transfer of a property's beneficial interest to his son as an undervalue transaction or a transaction defrauding creditors.
Which statutory provisions were in issue in [2023] SGHC 285?
The trustees relied on section 361 of the Insolvency, Restructuring and Dissolution Act 2018, on transactions at an undervalue, and, in the alternative, section 438, on transactions defrauding creditors, to challenge a transfer made under a Declaration of Trust dated 3 July 2020.
Statutes Cited
Cases Cited (4)
Related cases
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Referenced in
Statutes interpreted in this judgment
Legal concepts & references
Judgment
Read the full judgment on the official Singapore Courts portal.
Read on eLitigationSource: eLitigation ([2023] SGHC 285)