TAY LAK KHOON v TAN WEI CHEONG (as Judicial Manager of USP GROUP LIMITED) & 2 Ors

[2025] SGCA 41 Court of Appeal 2 September 2025 CA/CA 74/2024 ( CA/SUM 9/2025 ) 38 min read
19 cases cited (14 SG, 5 foreign)

Key facts

Court Court of Appeal
Decided
Judges Kannan Ramesh, Steven Chong, Sundaresh Menon
Charges / claim Insolvency Law
Counsel Meritus Law LLC, Rajah & Tann Singapore LLP, Chew Jing Wei, Lim Tahn Lin Alfred, Lye May-Yee Jaime, Ng Hui Ping Sheila, Tan Liqi Joseph

Source: [2025] SGCA 41, Court of Appeal, decided — eLitigation. Updated .

Catchwords

Practice Areas

Judges (3)

Counsel (7)

Parties (4)

Case Significance

[2025] SGCA 41 is a Court of Appeal decision dated 2 September 2025 concerning Insolvency Law, specifically addressing administration of insolvent estates. The judgment was delivered by Kannan Ramesh, with Steven Chong and Sundaresh Menon on the coram. The case was brought by Tay Lak Khoon (appellant) against USP Group Limited (under judicial management) and others (respondent). Legal representation was provided by Meritus Law LLC and Rajah & Tann Singapore LLP. The judgment cites 19 cases (14 Singapore, 5 foreign) and references 3 statutory provisions, including the Companies Act, the Insolvency, and the Restructuring and Dissolution Act.

[2025] SGCA 41 explained

TAY LAK KHOON v TAN WEI CHEONG (as Judicial Manager of USP GROUP LIMITED) & 2 Ors ([2025] SGCA 41) is a Singapore judgment decided by the Court of Appeal on 2 September 2025. It is categorised under Insolvency Law. It is a recent decision; within this corpus no later judgment has cited it yet. 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 [2025] SGCA 41 about?

TAY LAK KHOON v TAN WEI CHEONG (as Judicial Manager of USP GROUP LIMITED) & 2 Ors ([2025] SGCA 41) is a Court of Appeal decision from 2025. Its published catchwords are “Insolvency Law - Administration of insolvent estates - Judicial management - Removal of judicial manager” and “Insolvency Law - Administration of insolvent estates - Judicial management - Counting of votes at creditors’ meeting to consider statement of proposals”, which indicate the subject matter the judgment addresses. The full reasoning and orders are in the judgment itself, linked below.

Which legislation does [2025] SGCA 41 consider?

The judgment refers to Companies Act (Cap 50), 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 [2025] SGCA 41 cite?

Among the in-corpus authorities it refers to are [2024] SGHC 312. The complete list of cases cited, and of later cases that cite this decision, is shown on this page.

Summary

Tay Lak Khoon, a creditor of USP Group Limited (under judicial management), appealed against the dismissal of his application to remove the judicial managers under s 104(1) of the Insolvency, Restructuring and Dissolution Act. He alleged a reasonable apprehension of bias because the judicial managers did not disregard the votes of entities related to the debtor at a creditors' meeting to approve a statement of proposals. The Court of Appeal dismissed the appeal, holding the judicial managers acted in good faith in relying on legal advice and the test for removal for cause requires more than an error of judgment.

What was decided in [2025] SGCA 41?

[2025] SGCA 41 (TAY LAK KHOON v TAN WEI CHEONG (as Judicial Manager of USP GROUP LIMITED) & 2 Ors) is a Court of Appeal decision from 2 September 2025 addressing Insolvency Law, specifically administration of insolvent estates. The judgment was delivered by Kannan Ramesh.

Who were the parties in TAY LAK KHOON v TAN WEI CHEONG (as Judicial Manager of USP GROUP LIMITED) & 2 Ors ([2025] SGCA 41)?

The appellant in [2025] SGCA 41 was Tay Lak Khoon, and the respondent was USP Group Limited (under judicial management), Lim Loo Khoon (as Judicial Manager of USP Group Limited). Legal representation included Rajah & Tann Singapore LLP and Meritus Law LLC. The case was decided on 2 September 2025 in the Court of Appeal.

Which judge decided [2025] SGCA 41?

[2025] SGCA 41 was delivered by Kannan Ramesh in the Court of Appeal on 2 September 2025. Steven Chong and Sundaresh Menon also sat on the coram. The case concerned Insolvency Law.

What cases and statutes does [2025] SGCA 41 cite?

[2025] SGCA 41 cites 19 prior decisions, including 5 from foreign jurisdictions. It references Companies Act, Insolvency, Restructuring and Dissolution Act.

Statutes Cited

Insolvency, Restructuring and Dissolution Act Cases on this Act →
Restructuring and Dissolution Act Cases on this Act →

Cases Cited (19)

SLR (13)
[1990] 1 SLR(R) 605 [1998] 2 SLR(R) 971 [2012] 2 SLR 213 [2017] 2 SLR 898 [2018] 2 SLR 1156 [2018] 2 SLR 655 [2018] 3 SLR 687 [2023] 5 SLR 773 [2024] 1 SLR 1 [2024] 1 SLR 361 [2024] 1 SLR 608 [2025] 1 SLR 492 [2025] 1 SLR 576
UK (2)
[2005] EWHC 2170 [2010] EWHC 2538
AU (3)
[2014] FCAFC 85 [2017] FCA 914 [2023] WASCA 130

Related cases

Other Singapore judgments involving the same parties or counsel.

Referenced in

Judgment

Read the full judgment on the official Singapore Courts portal.

Read on eLitigation

Source: eLitigation ([2025] SGCA 41)