FXA INVESTMENT HOLDINGS PTE. LTD. v TAN WEI CHEONG (CHEN WEIZHANG) & 2 Ors

[2025] SGHC 23 High Court (General Division) 12 February 2025 • HC/OA 1083/2024 • 24 min read

13 cases cited Cited by 1 case

Catchwords

Insolvency Law — Winding up — Proof of debt — Liquidators rejecting proof of debt — Whether liquidators’ decision should be reversed Landlord and Tenant — Creation of tenancy — Existence and nature of lease — Whether concept of repudiation and acceptance apply to leases — Whether lease was terminated

Practice Areas

Insolvency Law Landlord and Tenant

Judges (1)

Audrey Lim Delivered

Counsel (8)

Allen & Gledhill LLP Firm PRP Law LLC Firm Edward Tiong Yung Shu Counsel Respondent Joycelyn Lin Shuling Counsel Applicant Kheshin Cheong Rui Pin Counsel Respondent Pradeep Pillai Counsel Applicant Rashpal Singh Sidhu Counsel Applicant Tan Yen Jee Counsel Respondent

Parties (4)

FXA Investment Holdings Pte Ltd Applicant Fusionex Pte Ltd (in liquidation) Respondent Lim Loo Khoon Respondent Tan Wei Cheong (Chen Weizhang) Respondent

Case Significance

[2025] SGHC 23 is a High Court (General Division) decision dated 12 February 2025 concerning Insolvency Law and Landlord and Tenant, specifically addressing winding up and creation of tenancy. The judgment was delivered by Audrey Lim. The case was brought by FXA Investment Holdings Pte Ltd (applicant) against Fusionex Pte Ltd (in liquidation) and others (respondent). Legal representation was provided by PRP Law LLC and Allen & Gledhill LLP. The judgment cites 13 cases and references 2 statutory provisions, including the Insolvency and the Restructuring and Dissolution Act. This decision has been cited by 1 subsequent judgment in the dataset.

Summary

FXA Investment Holdings applied to reverse the liquidators' rejection of its $270,057.40 proof of debt against Fusionex Pte Ltd, claiming amounts owed under a sub-lease arrangement for office premises. The court allowed the application in part, directing the liquidators to accept $110,701.54 for unpaid rent and service charges plus $49,582.19 for a reasonable agency fee incurred in mitigation, while rejecting claims for electricity charges due to insufficient proof.

What was decided in [2025] SGHC 23?

[2025] SGHC 23 (FXA INVESTMENT HOLDINGS PTE. LTD. v TAN WEI CHEONG (CHEN WEIZHANG) & 2 Ors) is a High Court (General Division) decision from 12 February 2025 addressing Insolvency Law and Landlord and Tenant, specifically winding up and creation of tenancy. The judgment was delivered by Audrey Lim.

Who were the parties in FXA INVESTMENT HOLDINGS PTE. LTD. v TAN WEI CHEONG (CHEN WEIZHANG) & 2 Ors?

The applicant in [2025] SGHC 23 was FXA Investment Holdings Pte Ltd, and the respondent was Fusionex Pte Ltd (in liquidation), Lim Loo Khoon. Legal representation included PRP Law LLC and Allen & Gledhill LLP. The case was decided on 12 February 2025 in the High Court (General Division).

Which judge decided [2025] SGHC 23?

[2025] SGHC 23 was delivered by Audrey Lim in the High Court (General Division) on 12 February 2025. The case concerned Insolvency Law and Landlord and Tenant.

What cases and statutes does [2025] SGHC 23 cite?

[2025] SGHC 23 cites 13 prior decisions. It references Insolvency, Restructuring and Dissolution Act. The decision has itself been cited by 1 subsequent judgment.

Statutes Cited

Insolvency, Restructuring and Dissolution Act

Restructuring and Dissolution Act

Cases Cited (13)

SG (2)

[2005] SGHC 162 [2022] SGHC 108

SLR (11)

[1993] 1 SLR(R) 609 [1996] 1 SLR(R) 352 [1997] 1 SLR(R) 923 [1998] 1 SLR(R) 880 [2009] 1 SLR(R) 844 [2009] 4 SLR(R) 458 [2010] 2 SLR 1154 [2014] 2 SLR 1342 [2015] 1 SLR 997 [2024] 4 SLR 956 [2024] 5 SLR 570

Cited By (1)

[2025] SGHC 97

PARK HOTEL GROUP MANAGEMENT PTE. LTD. v AW ENG HAI & 2 Ors

Judgment

Read the full judgment on the official Singapore Courts portal.

Read on eLitigation

Source: eLitigation ([2025] SGHC 23)