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Rams Challenge Carrier Pte Ltd and related companies to be wound up voluntarily

27 Dec 2022

An extraordinary general meeting to pass several resolutions for Rams Challenge Carrier Pte. Ltd. and related companies was held on Friday (16 December), according to a notice released on 23 December posted on the Government Gazette.

The other companies are Rams Venture Pte. Ltd. and United (Kamsarmax) Pte. Ltd. 

The following resolutions were resolved at the Extraordinary General Meeting of the above companies which was held by electronic means:


  • That the Company be wound up voluntarily. 
  • That the Liquidator be and is hereby authorised to exercise any or all of the powers given by Section 144 (1)(b), (c), (d), (e), (f) and (g) and 144 (2) of the Insolvency, Restructuring and Dissolution Act 2018. (c) That the Liquidator be authorised to distribute either in cash or in specie to the contributories any part or all of the surplus assets of the Company. 


  • That the appointment of Mr. Tee Wey Lih, care of Acres Advisory Private Limited 531A Upper Cross Street #03-128, Hong Lim Complex, Singapore 051531, as Liquidator of the Company for the purpose of such winding up be and is hereby approved.

Another notice said creditors of the three companies are required on or before 23 January 2023 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 Liquidator of the said companies. 

If so required by notice in writing by the said Liquidator are, by their solicitors or personally, 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.


Photo credit: Scott Graham on Unsplash
Published: 27 December, 2022

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