Energe Asia Pte. Ltd.

[2025] SGHC 259 High Court (General Division) 23 December 2025 • HC/OA 1362/2025 ( HC/SUM 3633/2025 ) • 30 min read
3 cases cited Cited by 1 case

Catchwords

Companies — Schemes of arrangement — Company seeking moratorium — Whether application was made in good faith — Whether there is sufficient evidence of creditor support — Section 64 Insolvency, Restructuring and Dissolution Act 2018

Practice Areas

Companies

Judges (1)

Mohamed Faizal Delivered

Counsel (17)

Allen & Gledhill LLP Firm Delta Law Corporation Firm Rajah & Tann Singapore LLP Firm Shook Lin & Bok LLP Firm Tan Kim Seng & Partners Firm Virtus Law LLP Firm Watershed Law LLC Firm Chew Jing Wei Counsel Third Party Fan Kin Ning Counsel Third Party Lee Lieyong Sean Counsel Applicant Lock Hui Xuan Counsel Applicant Ng Yeow Khoon Counsel Third Party Ooi Chit Yee Counsel Third Party Teo Hee Sheng, Christian Counsel Third Party Thomas Benjamin Lawrence Counsel Third Party Ting Yong Hong Counsel Third Party Yong Zhixin Esther Counsel Third Party

Parties (10)

Aditya Birla Global Trading (Singapore) Pte Ltd Third Party Energe Asia Pte Ltd Applicant Flex Commodities FZCO Third Party NEC Capital Third Party Oilmar DMCC Third Party Olea Global Pte Ltd Third Party PETCO Trading Labuan Co Ltd Third Party Propeller Fuels Ltd Third Party The Hawks DMCC Third Party United Overseas Bank Ltd Third Party

Case Significance

[2025] SGHC 259 is a High Court (General Division) decision dated 23 December 2025 concerning Companies, specifically addressing schemes of arrangement. The judgment was delivered by Mohamed Faizal. Legal representation was provided by Delta Law Corporation. The judgment cites 3 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

Energe Asia Pte Ltd, a Singapore bunkering company, applied for a four-month moratorium under s 64 of the IRDA to restructure with a rescue investor. The court dismissed the application, finding the applicant failed to demonstrate a bona fide intention to propose a scheme, lacked sufficient disclosure of its financial position, and did not provide adequate evidence of creditor support for any restructuring proposal.

What was decided in [2025] SGHC 259?

[2025] SGHC 259 (Energe Asia Pte. Ltd.) is a High Court (General Division) decision from 23 December 2025 addressing Companies, specifically schemes of arrangement. The judgment was delivered by Mohamed Faizal.

Which judge decided [2025] SGHC 259?

[2025] SGHC 259 was delivered by Mohamed Faizal in the High Court (General Division) on 23 December 2025. The case concerned Companies.

What cases and statutes does [2025] SGHC 259 cite?

[2025] SGHC 259 cites 3 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 (3)

SG (1)
[2025] SGHC 251
SLR (2)
[2019] 3 SLR 979 [2023] 5 SLR 1421

Cited By (1)

[2026] SGHC 18
OLEA GLOBAL PTE. LTD. v ENERGE ASIA PTE. LTD.

Judgment

Read the full judgment on the official Singapore Courts portal.

Read on eLitigation

Source: eLitigation ([2025] SGHC 259)