See Kok Eng v Eng Sieh Mei

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DISTRICT JUDGE

SIM MEI LING 4 May 2026 In the state courts of the republic of singapore [2026] SGMC 56 Magistrate’s Court Originating Claim No 8303 of 2024 Between See Kok Eng … Claimant And Eng Sieh Mei … Defendant judgment [Contract] — [Formation] — [Certainty of terms] [Contract] — [Whether money given was a loan or an investment] This judgment/GD is subject to final editorial corrections approved by the court and/or redaction pursuant to the publisher’s duty in compliance with the law, for publication in LawNet and/or the Singapore Law Reports. See Kok Eng v Eng Sieh Mei [2026] SGMC 56 Magistrate’s Court Originating Claim No 8303 of 2024 District Judge Sim Mei Ling 23 January 2026, 20 April 2026 4 May 2026 Judgment reserved. District Judge Sim Mei Ling: Introduction 1 The defendant is a 90% shareholder in one Marylebone Pte Ltd (“Marylebone”), a company in the business of wholesale and retail trade of food products and ingredients. Her sister, Ms Eng Sieh Tying (“Ms Eng ST”), holds the remaining 10%. 1 Foot Note 1 × Bundle of Affidavits of Evidence-in-Chief (“BAEIC”), 27 – 30. 2 The claimant commenced these proceedings to recover an alleged loan of $27,166 which he gave the defendant. The parties’ positions 3 According to the claimant, he became acquainted with the defendant sometime in end 2022. 2 Foot Note 2 × The claimant’s affidavit of evidence-in-chief (“AEIC”), [4]. 4 The claimant

admitted that he had discussions with the defendant about investing in Marylebone. He was prepared to invest $100,000 to acquire 51% of Marylebone if the business was viable. 3 Foot Note 3 × The claimant’s AEIC, [9]. The defendant however failed to furnish him with other documents he needed to decide if the business was viable, and therefore whether to invest. 4 Foot Note 4 × Reply, [4]. 5 In the meantime, the defendant asked the claimant for money so that Marylebone could pay for its shipments of stocks. The claimant said he agreed to loan a sum of $30,000 to Marylebone in January 2023. (The $30,000 which the claimant paid to Marylebone in January 2023 is not the subject of the present claim.) Later, when the defendant requested that he help with a second payment of $54,331, he only agreed to loan her half of this, at $27,166. 5 Foot Note 5 × Reply, [5]; The claimant’s AEIC, [10] – [11]. 6 The claimant said that he then loaned $27,166 to the defendant on 5 June 2023, pursuant to an alleged oral agreement sometime in June 2023. 6 Foot Note 6 × Statement of Claim, [1], [2]. 7 The claimant said that there was eventually no binding agreement for him to invest in Marylebone. 7 Foot Note 7 × The claimant’s closing submissions (“CCS”), [28]. He decided not to invest because the defendant did not produce any financial statements and documents, and because he discovered Marylebone’s

business to be “unviable”. 8 Foot Note 8 × The claimant’s supplementary AEIC, [29]. He demanded a return of the $27,166, but the defendant refused. 9 Foot Note 9 × The claimant’s AEIC, [25]. 8 The defendant denied that the $27,166 was a loan. She asserted that parties had entered into a partnership agreement in respect of Marylebone on 8 March 2023 (the “Alleged Partnership Agreement”). Under the Alleged Partnership Agreement, the claimant agreed to bear expenses for Marylebone’s stock purchases. 10 Foot Note 10 × Defence, [1] – [2]. It was pursuant to this that the claimant transferred $27,166. Issue before the Court 9 The issue to be decided is therefore whether the sum of $27,166 was a loan or a payment pursuant to the Alleged Partnership Agreement. 10 The claimant bears the burden of proving that the sum of $27,166 was a loan: PT Bayan Resources TBK and another v BCBC Singapore Pte Ltd and another [2019] 1 SLR 30 at [140] - [146]. 11 Both parties have produced some of their chat messages exchanged between January to August 2023. However, these appear to be only selected extracts as the messages were truncated, without the fuller conversation produced for context. The messages were also originally exchanged in Mandarin and their translated versions were not always coherent (possibly because of the truncated nature of the extracts). There were also various documents (many

handwritten) that parties exchanged, which were originally in Mandarin. I also had similar issues with their translations. 12 My findings are therefore necessarily limited to what parties have chosen to place before me, and based on a sensible reading of the translated documents to the extent possible. 13 For the reasons I now come to, the evidence as a whole supports a finding that the parties had entered into the Alleged Partnership Agreement on 8 March 2023. The sum of $27,166 was therefore not a loan. Events in January 2023 Documents exchanged between the parties before 8 March 2023 14 The defendant relied on the following documents exchanged between the parties in January: (a) A handwritten note dated 15 January 2023 signed by the claimant (the “Claimant’s 15 January Note”) 11 Foot Note 11 × BA 35 – 36. ; whereby the claimant set out how the equity would be distributed, and the amounts he would pay, being $60,000 payable in 3 instalments, and $40,000 from the first profit distribution. He also stated that approximately $50,000 would be spent on “pigment purchase”. (b) An unsigned document printed on Marylebone’s letterhead dated 18 January 2023 (the “Unsigned 18 January Letter”) 12 Foot Note 12 × Supplementary Bundle of Documents (“SBD”) 3 – 5. , which set out equity distributions and a sum of $220,000 to be paid. 15 There was also a handwritten note dated 6 January 2023

signed by the claimant (the “Claimant’s 6 January Note”) 13 Foot Note 13 × BA 32 – 33. , whereby the claimant proposed $60,000 as payment for purchasing the defendant’s product, and another $40,000 to buy her shares. 16 The claimant argued that the Claimant’s 15 January Note and the Unsigned 18 January Letter did not amount to a partnership agreement. 14 Foot Note 14 × CCS, [50] – [52]. However, that is not the defendant’s case. 17 Her case was that the Alleged Partnership Agreement was entered into on 8 March 2023. She had merely relied on these 2 documents as supporting her case that parties were discussing an anticipated investment. 15 Foot Note 15 × The defendant’s closing submissions (“DCS”), [16]. She conceded that as of January 2023, there was no agreement for the claimant to invest in Marylebone though they were finalising the terms. 16 Foot Note 16 × Certified Transcripts, 23 January 2026 (“CT”), 37:1 – 12; CT, 41:6 – 12. 18 Indeed: (a) The defendant’s own evidence was that she was not agreeable to the share distribution in the Claimant’s 15 January Note. 17 Foot Note 17 × CT, 62:1- 22. (b) The Unsigned 18 January Letter stated that it is “a proposal for your review and confirmation”. The defendant said she did not sign the Unsigned 18 January Letter as she did not agree with the share proportions stated there. 18 Foot Note 18 × CT, 62:20 – 63: 6. 19 These documents

therefore say nothing about whether parties did enter into a binding partnership agreement on 8 March 2023. However, they do show that parties were in discussions about a potential investment by the claimant. The $30,000 paid to Marylebone in January 2023 20 It is not in dispute that Marylebone received a sum of $30,000 from the claimant in January 2023. However, parties differed on the nature of this payment. 21 The defendant argued that this $30,000 was also an investment, consistent with the “investment framework” for the claimant to fund stock purchases. 19 Foot Note 19 × CT, 38: 2 – 22; DCS, [23]. The claimant however argued that the $30,000 was a loan and was consistent with there being no agreement for the claimant to invest in Marylebone. 20 Foot Note 20 × The claimant’s reply submissions (“CRS”), [2] – [3]. 22 On the one hand, the payment voucher for the $30,000 described it as a “loan to Marylebone”. 21 Foot Note 21 × BA 39. On the other hand, the claimant had, on 20 January 2023, asked the defendant to “write a document stating that the majority of the documents are OK, subjects [sic] to revise [sic], and I have already transferred SGD 30,000 to your company”. 22 Foot Note 22 × BA 103 – 104. He did not mention that this was a loan. The defendant’s note which she prepared and sent to the claimant for review likewise did not state that the $30,000 was a loan or was

repayable. It only recorded that the claimant had transferred $30,000 to Marylebone “to pay for the 10g produced by the Thailand factory on 25th January. Mei had made the payment to the manufacturer on 20 January.” The claimant’s response to this note was not in evidence. 23 Foot Note 23 × BA 104 – 105. 23 The claimant’s messages with the defendant on 31 May 2023 also do not shed light on whether the $30,000 was a loan. The claimant said that by these messages, he had been querying her on why the $30,000 had not been repaid. 24 Foot Note 24 × CRS, [2(c)]. 24 However, all the claimant had said on 31 May 2023 was “please give an explanation for the 30,000, the bank didn’t see your 30,000 transferred into the bank, hence the bank cannot give money. The accounts is [sic] unclear.” The defendant then replied, “didn’t I show you the account records before?...We agreed before, currently the Thai party is now waiting for the 70% deposit payment tomorrow…” 25 Foot Note 25 × BA 140, also at BA 120. She then sent him various screenshots and said that “all debits and credits in Marylebone’s account are very clear”. 26 Foot Note 26 × BA 121. It is therefore not apparent from these messages whether the claimant was, as he alleged, asking for repayment of the $30,000, or was simply querying how Marylebone had applied the $30,000. 25 Ultimately, by the defendant’s own case that the Alleged

Partnership Agreement was entered into in March 2023, whether the $30,000 was a loan or investment, does not shed light on whether parties had entered into the Alleged Partnership Agreement on 8 March 2023. 26 I therefore say no more as to whether the $30,000 was a loan or an investment, given that it is in any case not the subject of these proceedings. The events of 8 March 2023 The Parties’ 8 March Note 27 The defendant submitted that the handwritten note dated 8 March 2023 (the “Parties’ 8 March Note”), was the “finalised and formalised partnership agreement”, setting out shareholding and profit allocations, and contained no repayment terms or interest. 27 Foot Note 27 × DCS, [16]; see also CT, 24:6 – 21. There were 2 versions of this in evidence: one signed only by the claimant 28 Foot Note 28 × BA 77. , and one signed by both parties 29 Foot Note 29 × BA 76. . 28 The defendant’s evidence, which the claimant did not seek to contradict, was that the claimant himself drafted the Parties’ 8 March Note. 30 Foot Note 30 × CT, 33:10 – 21, 48:30 – 49:22. The claimant accepted that parties had signed the Parties’ 8 March Note for their “intended partnership” 31 Foot Note 31 × Reply, [4]. , but claimed that was merely a proposal 32 Foot Note 32 × CCS, [38]. , setting out how his investment of $100,000 would be allocated. 33 Foot Note 33 × The claimant’s AEIC, [17]. 29 I note that

there is also another version which only has the claimant’s signature. However, parties did not dispute that they had both signed the Parties’ 8 March Note. 30 The claimant and the defendant have each produced their own English translation of the Parties’ 8 March Note. 34 Foot Note 34 × BA 12, 78. These are worded slightly differently. However, neither party has made submissions on which translation I should be relying on as the more accurate translation: The claimant’s version: The defendant’s version: 31 The defendant’s evidence was that by the Parties’ 8 March Note, the claimant had agreed to pay for goods, whether it be $30,000, $60,000 or $70,000, though the exact timelines were not specified. He also agreed to pay $100,000 to Marylebone for shares in Marylebone. There were no fixed dates for when it should be paid or how much would be paid each time. Instead, a range was provided: either $20,000 or $30,000 the first time, $30,000 the second time, and the third time, $30,000 or $20,000. Any profits would first be given to Marylebone. 35 Foot Note 35 × CT, 26:23 – 32, 27:1-6, 29: 9 – 30:22, 31:20 -33:15. Parties’ exchange on the Parties’ 8 March Note 32 There was in evidence an undated message from the defendant to the claimant. She had asked him, in respect of the Parties’ 8 March Note, what the meaning of “the numbers in the box” was. The claimant replied “the numbers

written in the box are the amount to be given to you since you have business, I will definitely use money to buy the goods” 36 Foot Note 36 × BA 13. . The Defendant’s 8 March Note 33 There was another handwritten note prepared and signed by the defendant on 8 March 2023 (the “Defendant’s 8 March Note”) 37 Foot Note 37 × BA 61 – 62. : 34 In particular, this stated that “from 1-Feb-2023, all [Marylebone] related expenses will be borne by [the claimant]”. It also provided that $60,000 would be paid in 3 instalments, and a further $40,000 would be distributed from the company’s profits, i.e. a total of $100,000. 35 It is not clear whether this was drafted before or after the Parties’ 8 March Note. 38 Foot Note 38 × CT, 63:18-20. However, the claimant himself exhibited this note to his affidavit of evidence-in-chief (“AEIC”), although he characterised this as evidence of further discussions between the defendant and him on his plans for Marylebone. 39 Foot Note 39 × The claimant’s AEIC, [13]. Did parties enter into the Alleged Partnership Agreement on 8 March 2023? The instalment payments in the Parties’ 8 March Note 36 The claimant argued that parties could not have reached an agreement because the numbers mentioned in the Parties’ 8 March Note were unclear 40 Foot Note 40 × CCS, [35]. . He said that the defendant herself could not explain the terms 41 Foot Note 41 × CCS,

[36]. . 37 While the exact quantum of each instalment payment was not stated, the Parties’ 8 March Note clearly provided that the claimant would pay for stock purchases and pay a further $100,000 to Marylebone by way of 3 instalments. 38 That the claimant had agreed to pay for Marylebone’s goods and pay a further $100,000 as his investment, was consistent with, and supported by, parties’ exchange on the Parties’ 8 March Note (see [32] above), and the Defendant’s 8 March Note. No reference in the Parties’ 8 March Note to the proportion of shares the claimant would acquire 39 Next, the claimant argued that there could not have been any agreement because the Parties’ 8 March Note did not mention the specific shareholding to be acquired by the claimant. 42 Foot Note 42 × CCS, [54] – [55]. 40 This, in my view, would not prevent a valid partnership agreement from being formed. 41 There is nothing to suggest that parties had intended the Parties’ 8 March Note to contain all the terms of their agreement. The court can therefore have regard to other documents or extrinsic evidence to determine what parties’ agreement was. 42 The Defendant’s 8 March Note stated that the claimant would be allocated 51% of Marylebone’s shares. 43 Foot Note 43 × CT, 48:3 – 25; 56:20 – 22; 63:7 -27. 43 Indeed, the claimant’s own evidence was that the discussions were for him to invest $100,000 in exchange

for a 51% share in Marylebone. 44 Foot Note 44 × The claimant’s AEIC, [8], [9]. Parties were therefore aligned on the proportion of shares the claimant would acquire by his investment. Alleged inconsistency in the proportion of shares the claimant would acquire 44 The claimant next argued that the Claimant’s 6 January Note, the Claimant’s 15 January Note, and the Unsigned 18 January Letter, were inconsistent on the shareholding to be acquired by the claimant. 45 I accept that these documents show that, as of January 2023, the parties had not agreed on the proportion of shares to be acquired by the claimant: (a) The Claimant’s 6 January Note was silent on the amount of shares to be acquired. (b) The Claimant’s 15 January Note proposed “51% equity - -2%” for the claimant, but also included a third party, one “Mr Hu” who would get 8% equity and 4% bonus shares, and “41% equity + 2% bonus shares” to the defendant. (c) The Unsigned 18 January letter provided for the claimant to have 51%, the defendant to have 41% and a “Richard Or” to have 8% of the shares in Marylebone. 46 However, as noted above, these were merely proposals that had been exchanged as part of parties’ discussions in January. This did not prevent parties from thereafter reaching an agreement on the shareholding to be acquired on 8 March 2023. Workability of the Alleged Partnership Agreement 47 The defendant’s

evidence under cross-examination was that with the claimant’s investment, he would be a 51% shareholder, while the defendant would hold 44% shares, and Ms Eng ST, 5%. 45 Foot Note 45 × CT, 50:22 – 53:8; BA 67. 48 The claimant argued that the Alleged Partnership Agreement was unworkable, because Ms Eng ST, who remains a 10% shareholder in Marylebone, was not a party. 46 Foot Note 46 × CCS, [42] – [43]. The defendant however said that Ms Eng ST did not have to be a party because the defendant was the major shareholder and the one who had the final say. 47 Foot Note 47 × CT, 52:16 – 24. 49 Putting aside the exact arrangement between the defendant and Ms Eng ST, it remained possible for the claimant to become a 51% shareholder even if Ms Eng ST was not a party to the Alleged Partnership Agreement, as the defendant held 90% of the shares in Marylebone. The defendant’s alleged failure to provide Marylebone’s documents 50 I am not persuaded by the claimant’s assertions that his investment was subject to the defendant providing him with documents to assess the viability of Marylebone’s business, and that she failed to do so despite his requests. 51 The claimant had initially taken the position in his 1st AEIC that the defendant did not provide him with any documents. However: (a) There are chat messages suggesting that the defendant had sent the claimant Marylebone’s financial

statements for August 2017 to July 2018, August 2018 to July 2019, and 2019 to July 2020, as well as an annual compliance document (of which the date is cut off) on 16 January 2023. 48 Foot Note 48 × BA 92 – 93. The documents themselves have not been produced. (b) There are also chat messages whereby the defendant sent the claimant various documents on 18 January 2023, including one titled “Quotation- Dr. See (Stock & Packaging Payment) 18 Jan 2023.pdf” and various images, which she described as showing the product, new packaging, her transaction with Thailand, and Marylebone’s bank account. 49 Foot Note 49 × BA 95 – 96. (c) The claimant in his chat message of 18 January 2023, informed the defendant that he would “forward to my secretary…I must want to print out…” 50 Foot Note 50 × BA 96 -98. 52 After the defendant annexed the above chat messages to her 2nd AEIC, the claimant then took the position in his supplementary AEIC that he “did not see” any of the financial statements she purportedly sent 51 Foot Note 51 × The claimant’s supplementary AEIC, [11]. . He also claimed that the financial statements and documents were not for Marylebone but were for “the Group” and that he was unaware of the identity of “the Group”. 52 Foot Note 52 × The claimant’s supplementary AEIC, [6]. He also claimed that he did not recall what the other documents sent on 18 January 2023 were about, and

did not recall seeing Marylebone‘s bank account. 53 Foot Note 53 × The claimant’s supplementary AEIC, [12] – [13]. He added that he realised that Marylebone’s business was “unviable”, based on the defendant’s message of 15 January 2023 stating that there were accumulated losses of $393,000, and her message of 6 January 2023, where she said that she wanted money to clear a loan. 54 Foot Note 54 × The claimant’s supplementary AEIC, [7]; BA 90. 53 Even if I accept these assertions, the evidence show that the claimant was still prepared to invest in Marylebone in any event: (a) On 18 January 2023, the defendant sent the claimant the Unsigned 18 January Letter for his review, stating that the claimant had asked her to prepare it. The claimant did not contradict this and said “ok, I’ve just got home”. 55 Foot Note 55 × BA 99, CT, 14: 1- 15:2. (b) On 19 January 2023, the claimant urged the defendant to give him her comments on the Unsigned 18 January Letter. 56 Foot Note 56 × BA 100 – 102. (c) On 20 January 2023, the claimant asked the defendant to “write a document stating that the majority of the documents are OK, subjects [sic] to revise [sic], and I have already transferred SGD 30,000 to your company”. 57 Foot Note 57 × BA 103 – 104. 54 The Parties’ 8 March Note which the claimant himself drafted did not state that his investment was subject to the defendant’s provision of

Marylebone’s documents. 55 The claimant has not been able to point to anywhere in the parties’ exchanges or the various documents produced before me, whereby the claimant either caveated that his investment was subject to the provision of Marylebone’s documents, took issue with any of the documents provided, or requested for further documents. 56 There is also nothing in the chat messages or parties’ documents which suggest that the claimant had informed the defendant that he had decided not to invest in Marylebone. Lack of a specific repayment date or reference to interest payable 57 The claimant also submitted, relying on Ang Boon Tiann v Jervois Pte Ltd and another [2022] SGHC 104 at [61], that the lack of a specific repayment date did not mean that a loan does not have to be repaid, because unless expressly or impliedly agreed upon otherwise, money lent is repayable on demand. 58 In this case however, a plain reading of the Parties’ 8 March Note, together with the Defendant’s 8 March Note, supports the finding that the amounts to be contributed by the claimant would be his investment in Marylebone, not a loan. Events from 8 March 2023 to May 2023 59 The parties’ subsequent conduct is consistent with them having entered into a binding partnership agreement on 8 March 2023. 60 The parties’ chat messages post-8 March 2023 do not contain any further negotiations on the terms of

the claimant’s investment. 61 Instead, the defendant messaged the claimant on 8 March 2023 to ask him for “NRIC [i.e. national registration identity card] (front/back) of new shareholder/director”. She said that “this is to change the ACRA [i.e. Accounting and Corporate Regulatory Authority], we will talk about it later”. 58 Foot Note 58 × BA 15 – 16. The claimant’s reply (if any) was not in evidence. 62 There was also in evidence excerpts of messages from the defendant updating the claimant about developments in Marylebone’s business: (a) From 27 to 31 March 2023, there were messages whereby the defendant updated the claimant on new products in development. She also stated that she would prepare the current financial report, and updated him on upcoming orders to be placed. 59 Foot Note 59 × BA 111 – 113. (b) There were messages in April 2023 whereby the defendant updated the claimant on remaining coconut oil stocks, the order that had been placed with the manufacturer in Thailand, and the payments which had to be made and cleared by mid-May. 60 Foot Note 60 × BA 115 – 116. (c) In May 2023, the defendant sent the claimant several messages informing him that she was placing an order with Thailand, that a 70% advance had to be paid, and sought his confirmation that arrangements were being made for payment. 61 Foot Note 61 × BA 117 – 121. Circumstances leading to the payment of

$27,166 63 In June 2023, the defendant was still asking the claimant about the payment to Thailand. 62 Foot Note 62 × BA 122 – 125. 64 The claimant gave evidence that he was not comfortable giving the defendant more money because the defendant had not returned him the alleged $30,000 loan. 63 Foot Note 63 × The claimant’s supplementary AEIC, [21]. In support, he referred to his messages with the defendant on 31 May 2023. As noted above, it is not clear from these messages whether the claimant was, as he alleged, asking for repayment of the $30,000, or merely querying how the funds had been applied. 65 The claimant said that he then agreed to help the defendant only if she promised to repay him the $27,166, relying on parties’ messages exchanged on 4 June 2023. 64 Foot Note 64 × The claimant’s supplementary AEIC, [23] – [28]; CRS, [5]. 66 However, that is not my reading of those messages. While the defendant was also chasing the claimant for money to pay for Marylebone’s stock purchase, what parties had been discussing was whether to help Ms Eng ST with her income tax payments, and how. 65 Foot Note 65 × BA 124 – 125. 67 That this was the subject of their discussion is clear from the claimant’s very first message on 4 June 2023, where he had asked the defendant “…about your sister’s personal income tax, she asked us to help her to pay first and deduct her money when the company

has a profit at the end of the year.” 66 Foot Note 66 × BA 122. 68 The defendant replied to say that Marylebone did not have the means to pay for Ms Eng ST. Notably, she said “you told me before that you would pay the money for all stock purchase, but now you will only pay half the amount and I have a big problem now…” (emphasis added). 67 Foot Note 67 × BA 123. 69 They then exchanged the following messages: 70 What the claimant had proposed, which the defendant had agreed to, was that he would transfer money to Marylebone, which Marylebone would then use to help Ms Eng ST pay her income tax if it had a profit at the end of the year, failing which Ms Eng ST would have to pay this herself. 71 There was no discussion, much less agreement, that the defendant would repay the claimant the money to be transferred for the stock purchase. On the contrary, the defendant informed the claimant that he had already previously committed to pay for the stock purchase, which the claimant did not seek to contradict. 72 The above exchanges also show that the claimant did not see himself as merely an interested potential investor in Marylebone. He in fact took an active role in deciding how Marylebone’s funds would be used to help Ms Eng ST with her income tax. The payment of $27,166 The descriptions of the sum of $27,166 73 The claimant’s reply (if any) to the defendant’s chaser for the 70%

payment towards stock purchase was not in evidence. 74 On 5 June 2023, the claimant made out a cheque to the defendant. The claimant’s handwriting appeared on the left side of a copy of the cheque, but he claimed that he did not know how it came about and that it referred to “some other matter”. 68 Foot Note 68 × The claimant’s AEIC, [24]; Bundle of Documents (“BOD”) 43- 44. This stated: Illegible Signature Marylebone out 1000 As reserve fund Used for daily use Signature 75 The defendant did not cross-examine the claimant on what these words meant. 76 There is also a payment voucher 69 Foot Note 69 × BOD 45 – 46. which referred to the sum of $27,166 as “50% of new stock purchase order”. The claimant said this was written by Ms Eng ST, and that the defendant might have informed her what the payment was for. 70 Foot Note 70 × The claimant’s AEIC [21]. In any event, I do not find the description probative of whether it was a loan or investment as it merely stated what the money would be used for. Relevance of how the amount was paid 77 The claimant argued that the $27,166 could not have been an investment in Marylebone because the cheque was made out to the defendant personally and not Marylebone directly, even though the claimant had Marylebone’s bank details. 71 Foot Note 71 × CCS, [30]. 78 The defendant on the other hand argued that while the sum was paid into her personal bank

account, it was later transferred to Marylebone’s bank account and paid out to the manufacturer. 79 In my view, the identity of the initial recipient of the $27,166 is equivocal as to whether it was intended as a personal loan or as an investment. Events after 5 June 2023 80 There were only a few messages post-5 June 2023 in evidence before me: (a) Messages which parties exchanged on 8 June 2023 whereby the defendant sent some photographs to the claimant. 72 Foot Note 72 × BA 125. (b) The defendant’s messages to the claimant on 31 August 2023 stating that she had asked “Ting” to explain the debt and credit records to the claimant, that she was preparing the annual financial report for the claimant’s review, that she was “waiting for your IC [i.e. identity card] to change the ECRA [sic] and complete it together”, and requesting that it be sent to her the same week. 73 Foot Note 73 × BA 17. There was no reply from the claimant. (c) Pictures (of what looks to be food) which the defendant forwarded to the claimant on 3 September 2023. The claimant’s reply (if any) was not in evidence. 81 When cross-examined on whether she ever asked the claimant for the $100,000, the defendant said that she did “check” with him but did not ask him. 74 Foot Note 74 × CT, 30:21 - 31:4. There were no documents evidencing this. 82 However, neither were there any messages in evidence suggesting that the

claimant sought a return of the $27,166. While the Statement of Claim referred to the claimant’s solicitors’ letter of demand of 22 July 2024, this has also not been produced. My findings 83 I accept that parties also had oral discussions, which might not be entirely captured in parties’ chat messages or in documents. However, the totality of the evidence, as outlined above, is more consistent with the defendant’s case that parties had entered into the Alleged Partnership Agreement on 8 March 2023. 84 While the claimant has not been registered as a shareholder in Marylebone, the defendant’s explanation was that she was waiting for the claimant’s identity card. This is a plausible explanation as there were chat messages in evidence whereby the defendant requested for the claimant’s identity card 75 Foot Note 75 × CT, 31:8- 19. , and there was no evidence that he had provided this. 85 Even if I am wrong and there was no binding agreement for the claimant to invest in Marylebone, this did not automatically render the $27,166 a loan. The totality of the evidence is, at the very least, consistent with the $27,166 being paid in anticipation of the claimant’s intended investment, and not as a loan. The claimant however framed his case as one for the return of a loan, which, for the reasons I have stated, has not been made out. Conclusion 86 I therefore dismiss the claim in full. 87 In

her submissions, the defendant said that she had suffered detriment in reliance on the claimant’s promises, as she had to personally cover the shortfall to suppliers. 76 Foot Note 76 × DCS, [29]. She therefore included a claim for costs “including the shortfall and related expenses incurred in reliance on the claimant’s commitment”. 77 Foot Note 77 × DCS, [42]. 88 The defendant has not brought a counterclaim in these proceedings. No evidence was led as to what the alleged detriment or these expenses were. I therefore make no findings on her belated assertions. 89 Unless parties can agree on quantum of costs, they are to file brief costs submissions, limited to 10 pages, within 2 weeks of the date of this judgment. Sim Mei Ling District Judge Lim Poh Choo (Alan Shankar & Lim LLC) for the claimant; the defendant in person.