BABEL HOLDING LIMITED

Q: Which legislation does [2023] SGHC 98 consider?

The judgment refers to Companies Act (Cap 50), Insolvency, Restructuring and Dissolution Act, Restructuring and Dissolution Act, and Securities and Futures Act (Cap 289). The statutes cited are listed in full on this page, each linking to its primary text.

[2023] SGHC 98 High Court (General Division) 17 April 2023 HC/OA 193/2023 ( HC/SUM 682/2023,HC/SUM 900/2023 ) · HC/OA 194/2023 ( HC/SUM 684/2023,HC/SUM 902/2023 ) · HC/OA 195/2023 ( HC/SUM 683/2023,HC/SUM 903/2023 ) · HC/OA 192/2023 ( HC/SUM 899/2023,HC/SUM 681/2023 ) · HC/OA 196/2023 ( HC/SUM 904/2023,HC/SUM 685/2023 ) 12 min read

3 cases cited Cited by 2 cases

Key facts

Court	High Court (General Division)
Decided	17 April 2023
Judge	Aedit Abdullah
Charges / claim	Insolvency Law
Counsel	Allen & Gledhill LLP, Providence Law Asia LLC, Abraham S Vergis, Alston Yeong, Ang Ann Liang, Daniel Huang Xinli, Edwin Teong Ying Keat, Mohamed Nawaz Kamil, Yeo Alexander Lawrence Han Tiong, Yeoh Tze Ning

Source: [2023] SGHC 98, High Court (General Division), decided 17 April 2023 — eLitigation. Updated 10 July 2026.

Catchwords

Insolvency Law — Schemes of arrangement — Extension of Moratoria

Practice Areas

Insolvency Law

Judges (1)

Aedit Abdullah Delivered

Counsel (10)

Allen & Gledhill LLP Firm Providence Law Asia LLC Firm Abraham S Vergis Counsel Non-Party Alston Yeong Counsel Non-Party Ang Ann Liang Counsel Applicant Daniel Huang Xinli Counsel Non-Party Edwin Teong Ying Keat Counsel Applicant Mohamed Nawaz Kamil Counsel Non-Party Yeo Alexander Lawrence Han Tiong Counsel Applicant Yeoh Tze Ning Counsel Applicant

Parties (5)

Babel Asia Asset Management Private Limited Applicant Babel Block Limited Applicant Babel Holding Limited Applicant Moonalpha Financial Service Limited Applicant Shinar Trading Services Private Limited Applicant

Case Significance

BABEL HOLDING LIMITED [2023] SGHC 98 comprises brief remarks by Aedit Abdullah J in the General Division of the High Court, delivered on 17 April 2023 across five related Originating Applications (Nos 192 to 196 of 2023) and their attendant summonses. The applicants — Babel Holding Limited, Babel Asia Asset Management Private Limited, Babel Block Limited, Moonalpha Financial Service Limited and Shinar Trading Services Private Limited — applied under section 64 of the Insolvency, Restructuring and Dissolution Act 2018. The matter concerned the extension of moratoria in aid of proposed schemes of arrangement, with the court conveying its decision through brief remarks.

[2023] SGHC 98 explained

BABEL HOLDING LIMITED ([2023] SGHC 98) is a Singapore judgment decided by the High Court (General Division) on 17 April 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 98 about?

BABEL HOLDING LIMITED ([2023] SGHC 98) is a High Court (General Division) decision from 2023. Its published catchwords are “Insolvency Law — Schemes of arrangement — Extension of Moratoria”, 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 98 consider?

The judgment refers to Companies Act (Cap 50), Insolvency, Restructuring and Dissolution Act, Restructuring and Dissolution Act, and Securities and Futures Act (Cap 289). The statutes cited are listed in full on this page, each linking to its primary text.

How influential is [2023] SGHC 98?

Within this corpus, [2023] SGHC 98 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

Five companies affiliated with the Babel Finance group applied under s 64 of the Insolvency, Restructuring and Dissolution Act 2018 for extensions of moratoria to pursue a scheme of arrangement, together with related sealing applications. The General Division of the High Court granted the moratoria extension for about three months rather than the six months sought, in order to retain closer court supervision, and allowed the sealing applications.

What was the Babel Holding Limited [2023] SGHC 98 decision about?

Aedit Abdullah J's brief remarks of 17 April 2023 addressed five Originating Applications (Nos 192 to 196 of 2023) under section 64 of the Insolvency, Restructuring and Dissolution Act 2018, concerning the extension of moratoria supporting proposed schemes of arrangement.

Which companies were applicants in Re Babel Holding Ltd [2023] SGHC 98?

The applicants were Babel Holding Limited, Babel Asia Asset Management Private Limited, Babel Block Limited, Moonalpha Financial Service Limited and Shinar Trading Services Private Limited, each seeking relief under section 64 of the Insolvency, Restructuring and Dissolution Act 2018.