APPLICATION FOR RECOGNITION PURSUANT TO PART 11 AND THE THIRD SCHEDULE OF THE INSOLVENCY, RESTRUCTURING AND DISSOLUTION ACT 2018 SAPURA 1200 LTD NOTIFICATION NO. 2
Dear Sirs
APPLICATION FOR RECOGNITION PURSUANT TO PART 11 AND THE THIRD SCHEDULE OF THE INSOLVENCY, RESTRUCTURING AND DISSOLUTION ACT 2018
SAPURA 1200 LTD
HC/OA 626/2024
NOTIFICATION NO. 2
- We refer to the above matter and our Notification No. 1. Unless otherwise stated, we adopt the abbreviations used in our previous notification.
- Please note that the Interim Relief Prayer was granted by the Honourable Justice Aedit Abdullah on 5 July 2024. In particular, the Judge made the following order:
“Pursuant to Article 19(1)(c) of the Model Law, pending the hearing and determination of this Originating Application:
- no other proceedings may be commenced or continued against Sapura 1200 Ltd (the “Company”);
- no execution or other legal process may be commenced or continued against the Company or its property; and
- no step may be taken to enforce any security over any property of the Company,
except with the consent of the foreign representatives or with leave of the Court (subject to such terms as the Court may impose). For the avoidance of doubt, this includes but is not limited to any arrest of the vessel “Sapura 1200”.”
- We will continue to keep you updated on material events and any further directions from the Singapore High Court. Thank you.