VALUE MONETIZATION III LTD v LIM BENG CHOO

Q: Which legislation does [2023] SGHC 303 consider?

The judgment refers to Civil Law Act (Cap 43), Companies Act (Cap 50), Limitation Act (Cap 163), and UK Limitation Act (Cap 163). The statutes cited are listed in full on this page, each linking to its primary text.

[2023] SGHC 303 High Court (General Division) 27 October 2023 HC/OC 125/2022 ( HC/RA 169/2023,HC/RA 168/2023,HC/RA 170/2023 ) · HC/OC 126/2022 ( HC/RA 171/2023,HC/RA 173/2023,HC/RA 172/2023 ) 37 min read

10 cases cited (8 SG, 2 foreign) Cited by 1 case

Outcome

Appeal dismissed

I dismissed the appeals as Ms Lim’s contribution claims against the third parties were time-barred.

Source: [2023] SGHC 303, High Court (General Division), decided 27 October 2023. Read directly from the judgment.

Key facts

Court	High Court (General Division)
Decided	27 October 2023
Judge	Hri Kumar Nair
Charges / claim	Res Judicata, Tort
Outcome	Appeal dismissed
Counsel	Ang & Partners, David Lim & Partners LLP, PRP Law LLC, Quahe Woo & Palmer LLC, Derek Tan Chang Shen, Fu Xiangming Max, Geraldine Zhang Fang, Goh Kok Leong, Lin Shuling Joycelyn, Lum Kwong Hoe Melvin, Navin Kumar s/o Tamil Selvan, Ng Wei Jin, Pillai Pradeep G, Wong Yong Min, Yeoh Kar Hoe

Source: [2023] SGHC 303, High Court (General Division), decided 27 October 2023 — eLitigation. Updated 10 July 2026.

Catchwords

Res Judicata — Applicable principles Tort — Damages — Joint and several liability — Contribution — Procedure Tort — Damages — Joint and several liability — Contribution — Limitation Act

Practice Areas

Res Judicata Tort

Judges (1)

Hri Kumar Nair Delivered

Counsel (15)

Ang & Partners Firm David Lim & Partners LLP Firm PRP Law LLC Firm Quahe Woo & Palmer LLC Firm Derek Tan Chang Shen Counsel Third Party Fu Xiangming Max Counsel Appellant Geraldine Zhang Fang Counsel Respondent Goh Kok Leong Counsel Appellant Lin Shuling Joycelyn Counsel Third Party Lum Kwong Hoe Melvin Counsel Third Party Navin Kumar s/o Tamil Selvan Counsel Appellant Ng Wei Jin Counsel Respondent Pillai Pradeep G Counsel Third Party Wong Yong Min Counsel Third Party Yeoh Kar Hoe Counsel Respondent

Parties (10)

Crest Capital Asia Pte Ltd Third Party Crest Catalyst Equity Pte Ltd (now known as Crest Capital Asia Fund Mgmt Pte Ltd) Third Party The Enterprise Fund III Ltd Respondent VMF3 Ltd Third Party Value Monetization III Ltd Respondent Chan Pee Teck Peter Third Party Chia Kwok Ping Third Party Lim Beng Choo Appellant Lim Chu Pei Third Party Tan Yang Hwee Third Party

Case Significance

Value Monetization III Ltd v Lim Beng Choo and another matter (Crest Capital Asia Pte Ltd and others, third parties) [2023] SGHC 303 is a grounds of decision of Hri Kumar Nair J in the General Division of the High Court, delivered on 27 October 2023 in Originating Claims Nos 125 and 126 of 2022, together with Registrar's Appeals Nos 168 to 173 of 2023. The six appeals were brought by the appellant/defendant Lim Beng Choo against the decision of an Assistant Registrar who struck out her third party statements of claim against parties including Crest Capital Asia Pte Ltd and other Crest entities. The matter raises issues of res judicata and of joint and several liability, contribution and limitation in tort.

[2023] SGHC 303 explained

VALUE MONETIZATION III LTD v LIM BENG CHOO ([2023] SGHC 303) is a Singapore judgment decided by the High Court (General Division) on 27 October 2023. It is categorised under Res Judicata and Tort. 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 303 about?

VALUE MONETIZATION III LTD v LIM BENG CHOO ([2023] SGHC 303) is a High Court (General Division) decision from 2023. Its published catchwords are “Res Judicata — Applicable principles”, “Tort — Damages — Joint and several liability — Contribution — Procedure”, and “Tort — Damages — Joint and several liability — Contribution — Limitation Act”, 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 303 consider?

The judgment refers to Civil Law Act (Cap 43), Companies Act (Cap 50), Limitation Act (Cap 163), and UK Limitation Act (Cap 163). The statutes cited are listed in full on this page, each linking to its primary text.

How influential is [2023] SGHC 303?

Within this corpus, [2023] SGHC 303 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

Lim Beng Choo appealed against the striking out of her third party statements of claim in two contribution claims brought by Value Monetization III Ltd and The Enterprise Fund III Ltd, which arose out of earlier proceedings (Suit 441) involving International Healthway Corp Ltd. The appeals turned on whether her contribution claims against the third parties were time-barred. The court dismissed all six appeals, holding the claims were time-barred and that the Assistant Registrar had not erred in striking them out.

What was Value Monetization III Ltd v Lim Beng Choo [2023] SGHC 303 about?

It concerned six Registrar's Appeals before Hri Kumar Nair J brought by Lim Beng Choo against an Assistant Registrar's decision striking out her third party statements of claim against Crest Capital Asia Pte Ltd and other parties, decided on 27 October 2023.

What legal issues did [2023] SGHC 303 raise?

The appeals raised issues of res judicata and of joint and several liability, contribution and limitation in tort, arising from the striking out of Lim Beng Choo's third party statements of claim in Originating Claims Nos 125 and 126 of 2022.