Grandlink Group Pte Ltd Insolvency: Internationale Container Transport GmbH v Grandlink Group Pte Ltd
Internationale Container Transport GmbH, a German corporation, filed a petition in the High Court of Singapore to wind-up Grandlink Group Pte Ltd, case number CWU 600016/2001, based on the company's alleged insolvency. Overseas Chinese Banking Corporation Limited (OCBC) supported the application. The court, presided over by Justice G P Selvam, found that Grandlink Group Pte Ltd did not dispute the assertions of insolvency and granted the petition, placing the company in the hands of liquidators. The judgment was issued on 2001-07-04.
1. Case Overview
1.1 Court
High Court1.2 Outcome
Petition Granted
1.3 Case Type
Insolvency
1.4 Judgment Type
Judgment
1.5 Jurisdiction
Singapore
1.6 Description
Petition to wind-up Grandlink Group Pte Ltd due to insolvency. The court granted the petition, placing the company in the hands of liquidators.
1.7 Decision Date
2. Parties and Outcomes
| Party Name | Role | Type | Outcome | Outcome Type | Counsels |
|---|---|---|---|---|---|
| Overseas-Chinese Banking Corporation Limited | Respondent | Corporation | Neutral | Neutral | |
| Grandlink Group Pte Ltd | Respondent | Corporation | Petition Granted | Lost | |
| Internationale Container Trasnport GmbH | Petitioner | Corporation | Petition Granted | Won |
3. Judges
| Judge Name | Title | Delivered Judgment |
|---|---|---|
| G P Selvam | Judge | Yes |
4. Counsels
4. Facts
- Internationale Container Transport GmbH filed a petition to wind-up Grandlink Group Pte Ltd.
- The petition was based on the ground that Grandlink Group Pte Ltd was insolvent.
- Grandlink Group Pte Ltd was allegedly indebted to Internationale Container Transport GmbH for S$568,716.50.
- Overseas Chinese Banking Corporation Limited (OCBC) supported the application, claiming to be a creditor to the tune of $17,256,820.47.
- There were several other judgments against Grandlink Group Pte Ltd for a total amount of $7,000,000.
- Grandlink Group Pte Ltd did not dispute the assertions of the petitioner.
5. Formal Citations
- In the matter of Grandlink Group Pte Ltd, CWU 600016/2001, [2001] SGHC 167
6. Timeline
| Date | Event |
|---|---|
| Judgment against the company for US$290,660 with interest and costs | |
| Petition hearing adjourned | |
| Petition hearing before Justice G P Selvam | |
| Petition granted | |
| Petition hearing adjourned |
7. Legal Issues
- Insolvency
- Outcome: The court found the company to be insolvent and granted the petition to wind up the company.
- Category: Substantive
8. Remedies Sought
- Winding-up order
9. Cause of Actions
- Winding up due to insolvency
10. Practice Areas
- Insolvency
- Commercial Litigation
11. Industries
- No industries specified
12. Cited Cases
| Case Name | Court | Affirmed | Citation | Jurisdiction | Significance |
|---|---|---|---|---|---|
| No cited cases | |||||
13. Applicable Rules
| Rule Name |
|---|
| No applicable rules |
14. Applicable Statutes
| Statute Name | Jurisdiction |
|---|---|
| Companies Act (Chapter 50, Revised Edition 1994) | Singapore |
15. Key Terms and Keywords
15.1 Key Terms
- Winding-up
- Insolvency
- Petition
- Liquidation
- Creditor
15.2 Keywords
- winding up
- insolvency
- company law
- singapore
17. Areas of Law
| Area Name | Relevance Score |
|---|---|
| Winding Up | 95 |
| Insolvency Law | 90 |
| Company Law | 70 |
16. Subjects
- Insolvency
- Company Law