Legal

Judicial Managers considering to take former Singapore Director of Inter-Pacific Petroleum to court

Deloitte & Touche JMs believe IPP has a viable claim against Dr Goh Jin Hian for breaches of his director’s duties to act with skill, care and diligence which he owned to IPP, states court document.

Published

6 years ago

September 16, 2020

Admin

Judicial Managers (JMs) of former Singapore bunker supplier and bunker craft operator Inter-Pacific Petroleum (IPP, or the Company) on 27 August submitted an application to the High Court of the Republic of Singapore, according to documents obtained by Singapore bunkering publication Manifold Times.

The application was for the extension of the JM Order by a further six months (an earlier order granted the extension of the JM Order for a further 180 days from 3 March 2020) to consider taking Dr Goh Jin Hian, who was a director at IPP from 28 June 2011 to 20 August 2019, to court.

The JMs from Deloitte & Touche LLP are also considering if IPP should be placed in liquidation before any action against Dr Goh, and leave prosecution of Dr Goh to be handled by the prospective liquidators.

An extension of the JM Order by the court will allow the JMs more time to consider the above two options.

The JMs said they had been looking into IPP’s books and records and investigating its affairs since the Company was placed under judicial management.

“It was following such investigations that the JMs, in consultation with their solicitors, verily believe that the Company has a viable claim against one of its former directors (specifically, one Dr Goh Jin Hian (“Dr Goh”)) for breaches of his director’s duties to act with skill, care and diligence which he owned to the Company,” stated the document.

“Two of the Company’s largest creditors, Malayan Banking Berhad (“Maybank”) and Societe Generale, Singapore Branch (“SocGen”) have come forth to the JMs indicating an intention to fund the prospective legal action against Dr Goh in respect of this breaches of duties.”

Maybank is owed an amount of USD 88.3 million while SocGen is owed USD 81.3 million, according to a list shown during a creditor’s meeting on 14 November 2019 seen by Manifold Times.

A ten-day trial at the State Courts of Singapore meanwhile ended on 10 September with the bunker clerk of bunker tanker Fragrance, formerly known as Consort Justice, being sentenced to 10 months’ imprisonment.

The Consort Justice was chartered by former Singapore bunker supplier Inter-Pacific Petroleum at the time of arrest; the vessel has since been renamed as Fragrance.

A timeline organised list of events related to the trial of bunker tanker Fragrance is below:

A timeline organised list of events preceding the current development of Inter-Pacific Petroleum have been recorded by Manifold Times below:

Photo credit: Manifold Times
Published: 16 September, 2020

Winding up

Singapore: Liquidator schedules final meeting for LNG Easy (S)

Meeting will be held on 7 September at 6 Shenton Way, OUE Downtown 2, #33-00, Singapore 068809 to hear any explanation that may be given by the liquidator, according to Government Gazette notice.

Published

3 hours ago

August 11, 2026

Admin

The final meeting for LNG Easy (S) Private Limited has been scheduled to take place on 7 September, according to the company’s liquidator on a notice posted on Friday (7 August) on the Government Gazette.

The meetings will be held at 10am at 6 Shenton Way, OUE Downtown 2, #33-00, Singapore 068809.

The meeting is being held for the purpose of having an account laid before the meeting showing the manner in which the winding up has been conducted and the property of the company disposed of, and of hearing any explanation that may be given by the liquidators.

It is also held to consent to the release of the liquidators upon the dissolution of the company and thereby discharge them from all liabilities in respect of any act done or default made by them in the administration of the affairs of the company.

The following are the details of the liquidator:

Tan Wei Cheong
Joint and Several Liquidator
c/o 6 Shenton Way, OUE Downtown 2, #33-00
Singapore 068809

Manifold Times previously reported the High Court of Singapore issuing a winding up order to LNG Easy (S).

The winding up application was filed by China-based Shanghai Hengda (Jituan) Youxian Gongsi on 25 June.

Photo credit: Jo_Johnston from Pixabay
Published: 11 August, 2026

Winding up

Singapore: Portunus Shipping Pte Ltd to be wound up voluntarily

Liquidators have been appointed at an extraordinary general meeting held on 31 July for the purpose of winding up company’s affair, according to Government Gazette notice.

Published

3 hours ago

August 11, 2026

Admin

Several resolutions for Portunus Shipping Pte Ltd were made during an extraordinary meeting held on 31 July, according to a post in the Government Gazette on Friday (7 August).

The duly passed resolutions were:

AS SPECIAL RESOLUTIONS

That the Company be wound up voluntarily pursuant to Section 160(1) of the Insolvency, Restructuring and Dissolution Act 2018 (the “Act”).
That Lau Chin Huat and Yeo Boon Keong, as the Joint and Several Liquidators, be and are hereby authorised to divide among the contributory in cash or in specie the whole or any part of the assets of the company.
That the Joint and Several Liquidators be at the liberty to exercise all or any of the powers conferred on themselves pursuant to the Act.

AS ORDINARY RESOLUTIONS

That Lau Chin Huat and Yeo Boon Keong, of 50 Havelock Road, #02-767, Singapore 160050 be appointed as the Joint and Several Liquidators for the purpose of winding up the company.
That the remuneration and winding up disbursements of the Joint and Several Liquidators be fixed on a time basis at rates as agreed in the engagement letter.
That the Joint and Several Liquidators be authorised to destroy all books and papers of the Company and of the Joint and Several Liquidators 5 years after the date of dissolution of the Company pursuant to Section 195(2) of the Act.

In another notice, the liquidators of Portunus Shipping said creditors for the company are required on or before the 7 September to send in their names and addresses and particulars of their debts or claims, and the names and addresses of their solicitors (if any) to the liquidators.

Liquidators may also require creditors to, “come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.”

The liquidators can be contacted at the following address:

Yeo Boon Keong
Joint and Several Liquidators
c/o
Technic Inter-Asia Pte Ltd
50 Havelock Road, #02-767, Singapore 160050
Tel: 6561 0398 Fax: 6222 1855
Email: [email protected]

Photo credit: Benjamin child
Published: 11 August, 2026

Winding up

Singapore: Lugalis Shipping Pte Ltd to be wound up voluntarily

Liquidators have been appointed at an extraordinary general meeting held on 31 July for the purpose of winding up company’s affair, according to Government Gazette notice.

Published

4 days ago

August 7, 2026

Admin

Several resolutions for Lugalis Shipping Pte Ltd were made during an extraordinary meeting held on 31 July, according to a post in the Government Gazette on Thursday (6 August).

The duly passed resolutions were:

AS SPECIAL RESOLUTIONS

That the Company be wound up voluntarily pursuant to Section 160(1) of the Insolvency, Restructuring and Dissolution Act 2018 (the “Act”).
That Lau Chin Huat and Yeo Boon Keong, as the Joint and Several Liquidators, be and are hereby authorised to divide among the contributory in cash or in specie the whole or any part of the assets of the company.
That the Joint and Several Liquidators be at the liberty to exercise all or any of the powers conferred on themselves pursuant to the Act.

AS ORDINARY RESOLUTIONS

That Lau Chin Huat and Yeo Boon Keong, of 50 Havelock Road, #02-767, Singapore 160050 be appointed as the Joint and Several Liquidators for the purpose of winding up the company.
That the remuneration and winding up disbursements of the Joint and Several Liquidators be fixed on a time basis at rates as agreed in the engagement letter.
That the Joint and Several Liquidators be authorised to destroy all books and papers of the Company and of the Joint and Several Liquidators 5 years after the date of dissolution of the Company pursuant to Section 195(2) of the Act.

In another notice, the liquidators of Lugalis Shipping said creditors for the company are required on or before the 7 September to send in their names and addresses and particulars of their debts or claims, and the names and addresses of their solicitors (if any) to the liquidators.

The liquidators can be contacted at the following address:

Lau Chin Huat
Yeo Boon Keong
Joint and Several Liquidators
c/o
Technic Inter-Asia Pte Ltd
50 Havelock Road, #02-767, Singapore 160050
Tel: 6561 0398 Fax: 6222 1855
Email: [email protected]