Update on moratorium proceedings

August 18, 2023

Update on the Moratorium Applications and Applications to Convene Scheme Meetings

Please note the following:

Zipmex Asia Pte Ltd and Zipmex Pte Ltd filed a further affidavit on 17 August 2023 in relation to HC/OAs 757 and 758 of 2023. A copy of the affidavit has been circulated individually to each creditor by the scheme managers.

The Court has approved the requests by Zipmex Asia Pte Ltd and Zipmex Pte Ltd for an adjournment of the hearing for HC/OAs 757 and 758 of 2023. The Court has also provided directions for the conduct of HC/OAs 757 and 758 of 2023 as follows:

The Zoom webinar hearing for HC/OAs 757 and 758 of 2023 is refixed to 18 September 2023, 2.30 pm before the Honourable Justice Aedit Abdullah;
Zipmex Asia Pte Ltd and Zipmex Pte Ltd are to file the further affidavit(s) enclosing the revised schemes by no later than 4 September 2023, 4.00 pm;
Any reply affidavits are to be filed by no later than 11 September 2023, 4.00 pm; and
Any written submissions and bundle of authorities are to be filed by 14 September 2023, 4.00 pm.

A copy of the Correspondence from Courts dated 18 August 2023 has been circulated individually to each creditor by the scheme managers.

The Zoom webinar hearing for HC/SUMs 2291 to 2295/2023 in HC/OAs 381 to 385/2023 remains fixed on 21 August 2023, 4.00 pm before the Honourable Justice Aedit Abdullah. In this regard, copies of the Zipmex entities’ written submissions, bundle of authorities, and bundle of documents tendered to the Court have been circulated individually to each creditor by the scheme managers.