CKR Paints & Coating Specialist Pte. Ltd.

[2025] SGHC 120 High Court (General Division) 1 July 2025 • HC/OA 449/2025 • 11 min read
5 cases cited (4 SG, 1 foreign)

Catchwords

Companies — Schemes of arrangement — Leave to convene creditors’ meeting — Section 210(1) Companies Act 1967 (2020 Rev Ed)

Practice Areas

Companies

Judges (1)

Philip Jeyaretnam Delivered

Counsel (17)

Advent Law Corporation Firm Allen & Gledhill LLP Firm Carinhill Law LLC Firm Dentons Rodyk & Davidson LLP Firm Shook Lin & Bok LLP Firm Ashok Kumar Rai Counsel Applicant Chia Su Min Rebecca Counsel Third Party Jo Tay Yu Xi Counsel Third Party Koh Kia Jeng Counsel Third Party Lim Jie Hao Sampson Counsel Third Party Ng Huan Yong Counsel Third Party Ng Yeow Khoon Counsel Third Party Peh Aik Hin Counsel Third Party Tan Bee Yong Counsel Third Party Tan Yen Jee Counsel Third Party Teo Hui Xian Astrid Counsel Third Party Toh Cher Han Counsel Third Party

Parties (7)

CKR Paints & Coating Specialist Pte. Ltd. Applicant Cast Laboratories Pte Ltd Third Party DBS Bank Ltd Third Party Housing and Development Board Third Party Maybank Singapore Limited Third Party Oversea-Chinese Banking Corporation Limited Third Party United Overseas Bank Limited Third Party

Case Significance

[2025] SGHC 120 is a High Court (General Division) decision dated 1 July 2025 concerning Companies, specifically addressing schemes of arrangement. The judgment was delivered by Philip Jeyaretnam. Legal representation was provided by Carinhill Law LLC. The judgment cites 5 cases (4 Singapore, 1 foreign) and references 1 statutory provision, namely the Companies Act.

Summary

CKR Paints applied for leave to convene a creditors' meeting for a proposed scheme of arrangement offering creditors a one-time payment of S$2.44 million in full discharge of its debts. The court dismissed the application, finding no realistic prospect of the scheme being approved as three major creditors (Maybank, UOB, and DBS) holding at least 75% of the debt had consistently opposed the proposal.

What was decided in [2025] SGHC 120?

[2025] SGHC 120 (CKR Paints & Coating Specialist Pte. Ltd.) is a High Court (General Division) decision from 1 July 2025 addressing Companies, specifically schemes of arrangement. The judgment was delivered by Philip Jeyaretnam.

Which judge decided [2025] SGHC 120?

[2025] SGHC 120 was delivered by Philip Jeyaretnam in the High Court (General Division) on 1 July 2025. The case concerned Companies.

What cases and statutes does [2025] SGHC 120 cite?

[2025] SGHC 120 cites 5 prior decisions, including 1 from foreign jurisdictions. It references Companies Act.

Statutes Cited

Companies Act (Cap 50)
s 210(1)

Cases Cited (5)

SG (2)
[2015] SGHC 321 [2025] SGHC 115
SLR (2)
[2012] 2 SLR 213 [2019] 2 SLR 77
MY (1)
[1990] 2 MLJ 180

Judgment

Read the full judgment on the official Singapore Courts portal.

Read on eLitigation

Source: eLitigation ([2025] SGHC 120)