RVG CONSULTING INTERNATIONAL PTE. LTD. v SHANTI OVERSEAS PTE. LTD.

RVG CONSULTING INTERNATIONAL PTE. LTD. v SHANTI OVERSEAS PTE. LTD.

On the balance of probabilities the USD 100,000 was advanced as a loan repayable by the time proceedings commenced; the Claimant did not prove that interest at 3% per annum was agreed so payments of USD 50,000 (29 Nov 2018) and USD 6,000 (6 Jul 2020) reduce the principal; the Defendant failed to establish a valid...

Source-derived case information.

Citation
[2025] SGDC 256
Parties
Claimant: RVG Consulting International Pte. Ltd.; Defendant: Shanti Overseas Pte. Ltd.
Court
District Court
Jurisdiction
Singapore
Judgment Date
25 September 2025
Case Number
DC/OC 875/2023
Procedural Posture
District Court Originating Claim / Final Judgment
Outcome
Judgment for Claimant; Defendant ordered to pay USD 44,000 plus interest
Legal Topics
Loan, Interest, Set Off Agreement, Mutuality of Debts, Admissibility of Electronic Communications
Source Language
english
Debt and Recovery Contract Set Off Evidence Loan Interest Set Off Agreement Mutuality of Debts +1 more

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Parties

RVG Consulting International Pte. Ltd.

Claimant

Shanti Overseas Pte. Ltd.

Defendant

Procedural Posture

District Court Originating Claim / Final Judgment

Legal Issues

  1. 1 Whether the USD 100,000 transfer was a loan or an advance for joint investment
  2. 2 Whether the loan was repayable by a specific date (30 November 2018)
  3. 3 Whether the loan carried interest at 3% per annum

Ratio Decidendi

On the balance of probabilities the USD 100,000 was advanced as a loan repayable by the time proceedings commenced; the Claimant did not prove that interest at 3% per annum was agreed so payments of USD 50,000 (29 Nov 2018) and USD 6,000 (6 Jul 2020) reduce the principal; the Defendant failed to establish a valid set-off because there was no evidence of assent by Aarel and no mutuality of debts, therefore the Defendant remains liable for USD 44,000 plus interest.

Court Disposition

Judgment for Claimant; Defendant ordered to pay USD 44,000 plus interest

Orders

  • Defendant to pay the Claimant the sum of USD 44,000
  • Defendant to pay interest on the sum of USD 44,000 at 5.33% per annum from the date of the Originating Claim until payment