VALUE MONETIZATION III LTD v LIM BENG CHOO

[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 )

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 for the third party Fu Xiangming Max Counsel for the appellant

Geraldine Zhang Fang Counsel for the respondent

Goh Kok Leong Counsel for the appellant Lin Shuling Joycelyn Counsel for the third party

Lum Kwong Hoe Melvin Counsel for the third party

Navin Kumar s/o Tamil Selvan Counsel for the appellant Ng Wei Jin Counsel for the respondent Pillai Pradeep G Counsel for the third party Wong Yong Min Counsel for the third party Yeoh Kar Hoe Counsel for the 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.

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.