LUA THIANG POH v 1. ) KABIR SINGH A/L JAGIR SINGH 2. ) JASMINDER KAUR A/P JASBIR SINGH 3. ) MANJEET SINGH A/L DARSHAN SINGH 4. ) KAWALJEET KAUR A/P DARSHAN SINGH 5. ) YOKIN RESOURCES SDN. BHD.

wa-22ncc-283-06-2022 High Court (Mahkamah Tinggi) 20 April 2025 • WA-22NCC-283-06/2022 • 41 min read

10 cases cited (0 SG, 10 foreign)

Catchwords

MONEYLENDING LAW: Unlicensed moneylending – Promissory notes alleged to be investment agreements – Whether transactions constituted genuine investment arrangements or disguised moneylending transactions – Whether presumption under section 10OA of Moneylenders Act 1951 successfully rebutted – Whether promissory notes void and unenforceable under section 15 of Moneylenders Act 1951 – Whether court should look beyond labels to examine substance of transaction CONTRACT LAW: Validity of promissory notes – Consideration – Whether valid consideration existed when funds paid to company while individual defendants signed as makers – Whether consideration must move to promisors – Whether corporate personality of company distinct from directors and shareholders for purposes of consideration STAMP ACT 1949: Stamping requirements – Whether promissory notes duly stamped when physical stamps affixed after execution – Whether promissory notes can be stamped after execution – Whether stamps must bear proper endorsement by Inland Revenue Board – Whether unstamped or insufficiently stamped instruments admissible in evidence EVIDENCE: Adverse inference – Whether adverse inference should be drawn under section 114(g) of Evidence Act 1950 for failure of defendant to testify – Whether medical certificate providing legitimate reason for non-attendance – Whether testimony would materially alter case outcome BREACH OF CONTRACT: Notice requirements – Whether failure to provide requisite written notice before enforcement rendered action premature – Whether defendant's prior breach entitled plaintiff to treat himself as discharged from notice obligations

Judges (1)

Atan Mustaffa Yussof Ahmad Delivered

Counsel (4)

Choo Dee Wei Firm Mann & Associates Firm Pramjit Kaur Counsel Defendant See Tian Xin Counsel Plaintiff

Parties (6)

YOKIN RESOURCES Sdn Bhd Defendant Jasminder Kaur a/p Jasbir Singh Defendant Kabir Singh a/l Jagir Singh Defendant Kawaljeet Kaur a/p Darshan Singh Defendant Lua Thiang Poh Plaintiff Manjeet Singh a/l Darshan Singh Defendant

Case Significance

LUA THIANG POH v 1. ) KABIR SINGH A/L JAGIR SINGH 2. ) JASMINDER KAUR A/P JAS... is a High Court (Mahkamah Tinggi) decision dated April 20, 2025 (citation: wa-22ncc-283-06-2022). The case was decided by Atan Mustaffa Yussof Ahmad.

What was the outcome of LUA THIANG POH v 1. ) KABIR SINGH A/L JAGIR SINGH 2. ) JASMINDER KAUR A/P JAS...?

LUA THIANG POH v 1. ) KABIR SINGH A/L JAGIR SINGH 2. ) JASMINDER KAUR A/P JAS... is a High Court decision dated April 20, 2025. The case was heard by Atan Mustaffa Yussof Ahmad. See the full judgment for details.