NATIXIS, SINGAPORE BRANCH V RAJAGOPALAN AND OTHERS AND OTHER MATTERS

[2024] SGHC 113, High Court of Singapore, General Division, S Mohan J, 2 May 2024

Admiralty – Insolvency – Bill of lading holding banks filing claims in rem – Secured creditors – Effect of filing writ in rem against vessel – Unfairly prejudicial – Insolvency, Restructuring and Dissolution Act 2018, sections 100 and 115

The plaintiff banks had in June to October 2020 commenced admiralty actions in rem in Singapore against the vessel Chang Bai San.