As a result of failed ventures, Sui Sui Pte Ltd was facing cashflow problems and unable to pay its debts when they became due and payable since 1 January 2019. A supplier applied to the court to wind up the company on 1 March 2019 and was granted the winding up order on 1 July 2019. A liquidator was appointed thereafter.

Upon investigation, the liquidator noted the following cases:

Case 1: UBB Bank granted a loan which was secured by a floating charge created on 11 May 2015 over all of the company's assets and undertaking. $100,000 of the loan remained unpaid.

Case 2: DSS Finance offered a credit facility which was secured by a fixed charge created on 1 May 2016 over the factory. $500,000 of the loan remained outstanding

Case 3: OCC Bank extended the loan facilities secured by a floating charge created on over all of the company's assets and undertaking of the company on 30 September 2016. $200,000 of the loan remained due and payable.

Case 4: On 27 December 2018, Sui Sui Pte Ltd purchased a large order of inventory from Bagus Pte Ltd. In return, Sui Sui Pte Ltd granted Bagus Pte Ltd a floating charge over the inventory. Except for UBB Bank, all the charges were duly registered within 30 days of creation of the debts.

Case 5: Sui Sui Pte Ltd settled an account totaling $80,000 due to Kia Pte Ltd, a trade supplier, on 15 February 2019, two weeks before the application to wind up was filed. Kia Pte Ltd and Sui Sui Pte Ltd have a common director.

(a) Explain how a supplier can apply to the court for a winding up order. (5 marks)

(b) Describe to the liquidator how he should treat the various claims in Cases 1-5 above. (16 marks)

(c) Explain to the liquidator how he should rank the creditors in Cases 1-5 in the ranking of claims. You are not required to state the amount payable to each creditor. (4 marks)