CHEN WEIWEN KELVIN v DBS BANK LTD & Anor

[2025] SGHCR 13 High Court Registrar 8 May 2025 • HC/OSB 8/2025 • 21 min read

8 cases cited (5 SG, 3 foreign)

Catchwords

Insolvency Law — Bankruptcy — Interim order

Practice Areas

Insolvency Law

Judges (1)

Samuel Chan Delivered

Counsel (6)

Adsan Law LLC Firm Advent Law Corporation Firm Fortis Law Corporation Firm Ezra Wong De Wei Counsel Third Party Ng Huan Yong Counsel Third Party Rapinder Kaur Counsel Applicant

Parties (3)

CIMB Bank Berhad Third Party DBS Bank Ltd Third Party Chen Weiwen Kelvin Applicant

Case Significance

[2025] SGHCR 13 is a High Court Registrar decision dated 8 May 2025 concerning Insolvency Law, specifically addressing bankruptcy. The judgment was delivered by Samuel Chan. Legal representation was provided by Fortis Law Corporation. The judgment cites 8 cases (5 Singapore, 3 foreign) and references 3 statutory provisions, including the Companies Act, the Insolvency, and the Restructuring and Dissolution Act.

Summary

The CEO and founder of EUDA Health Holdings, a NASDAQ-listed company, sought an interim order for a proposed voluntary arrangement under Part 14 of the IRDA and an eight-month moratorium, owing approximately $1.5 million to credit card issuers. The court dismissed the application, finding the applicant had not shown any proposal that had a real prospect of being implemented and approved by creditors, and had no power to grant a standalone eight-month moratorium.

What was decided in [2025] SGHCR 13?

[2025] SGHCR 13 (CHEN WEIWEN KELVIN v DBS BANK LTD & Anor) is a High Court Registrar decision from 8 May 2025 addressing Insolvency Law, specifically bankruptcy. The judgment was delivered by Samuel Chan.

Which judge decided [2025] SGHCR 13?

[2025] SGHCR 13 was delivered by Samuel Chan in the High Court Registrar on 8 May 2025. The case concerned Insolvency Law.

What cases and statutes does [2025] SGHCR 13 cite?

[2025] SGHCR 13 cites 8 prior decisions, including 3 from foreign jurisdictions. It references Companies Act, Insolvency, Restructuring and Dissolution Act.