Vauld Notice to creditors: Court filing for an alternate second-distribution route
Updated over 3 months ago
This Vauld Restructuring notice summarizes the Scheme Manager's Singapore Court application for an alternative method to execute the second distribution.
What was filed and where was it filed?
The Scheme Manager of Defi Payments Pte Ltd submitted HC/OC 1164/2025 in the High Court of Singapore to seek approval for an alternate distribution pathway.
The filing concerns how the second distribution may be carried out for affected creditors under the current Vauld process.
Key court timetable and response requirements
At the registrar case conference held on 28 October 2025, the Singapore Court issued a sequence of filing and service deadlines for all participating parties.
The Court also directed that anyone responding must file through e-Litigation by affidavit; regular email correspondence is not treated as a valid response channel.
- 4 Nov 2025, 4:00 PM SGT: Scheme Manager to file supplementary affidavit and circulate copies by email to affected parties.
- 14 Nov 2025, 4:00 PM SGT: any responding affidavit to be filed in Court and served on Setia Law LLC.
- 21 Nov 2025, 4:00 PM SGT: Scheme Manager to file reply affidavit and share copies by email.
- 28 Nov 2025, 4:00 PM SGT: written submissions and hearing bundles due; page limits apply for all submissions.
- 4 Dec 2025, 2:30 PM SGT: hearing of the application before Justice Aidan Xu @ Aedit Abdullah.
How to receive updates if you are affected
The Scheme Manager has been issuing updates and filed papers by email to contacts listed in the matter database.
If you have a creditor interest but are not receiving messages, contact the team at DL.Vauld@kroll.com to request inclusion.