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Singapore

HYFLUX LTD (IN COMPULSORY LIQUIDATION) & 37 Ors v LUM OOI LIN

drochem (S) Pte Ltd (in compulsory liquidation) (3) Bendemeer Infrastructure Pte Ltd (in creditors’ voluntary liquidation) (4) Eflux Singapore Pte Ltd (in creditors’ voluntary liquidation) (5) Hyflux Asset Management Pte Ltd (in creditors’ voluntary liquidation) (6) Hyflux Capital (Singapore) Pt

Sushant Shukla· ·17 min read
Singapore

PNG SUSTAINABLE DEVELOPMENT PROGRAM LIMITED v REX LAM PAKI & 5 Ors

on trust for the plaintiff.12 (c) He diverted Cloudy Bay’s money for his own benefit through a series of irregular transactions13 as follows: 9 Statement of claim, para 6(d). 10 Statement of claim, para 6(d). 11 Statement of claim para 34(b) and 36. 12 Statement of claim paras 23 and 38. 13 S

Sushant Shukla· ·22 min read
Singapore

Re: RCMA Asia Pte Ltd

on 11 May 2018. I granted RCMA an interim injunction, pending final determination of Suit 191, restraining SEP, its directors, officers, employees and/or agents from “in any way disposing, dealing with or diminishing the value of” RCMA’s 70% share of the FSC Payments paid to SEP, provided that R

Sushant Shukla· ·15 min read
Singapore

LIM BEE LAN v LEE JUAN LOONG & Anor

526 out of 10,526 shares in ABT.53 This meant that the Plaintiff had a 4.997% stake in ABT instead of the 5% stake that was promised.54 Also, with reference to a S$900,000 paid-up, a 4.997% stake is worth approximately a mere S$44,974, which fell short of the S$300,000 that the Plaintiff had inv

Sushant Shukla· ·18 min read
Singapore

YEO SU LAN (YANG SHULAN) v THOMAS HONG & 2 Ors

defendant’s appeal and upheld the AR’s decision. I also affirmed the AR’s order for the two suits to be heard one immediately after the other, with the administrative details as to the sequence and other matters to be dealt with at the next pre-trial conference. But because this appeal raised the

Sushant Shukla· ·19 min read
Singapore

LAU YAW BEN v LAU WEE HION & Anor

the 473 Moneys, the 473A Moneys and the Inheritance Sum (collectively, “the Sums”) on trust for P. In particular, pertaining to the 473 and 473A Moneys: (a) P was in a poor financial state at the time he entrusted the 473 and 473A Moneys to D1. P owed $1,631,738.18 to RHB as of 30 April 2006 (wh

Sushant Shukla· ·17 min read
Singapore

ZHANG ZHENCHENG V TAN HUAY LIM & ANOR

that since no action had been taken and the documents had not been dispatched for inspection, “the defendant was perfectly entitled, on taking advice, to withdraw the waiver and her withdrawal was effective” (at 1240). 27 The principle is well expressed in The Law of Privilege (Bankim Thanki gen

Sushant Shukla· ·15 min read
Singapore

The "Dilmun Fulmar"

Tan Jude Benny) for plaintiff; Michael Lai and Wendy Tan (Haq and Selvam) for interveners Parties : — Admiralty and Shipping – Admiralty jurisdiction and arrest – Action in rem – Ship repairers entered into settlement agreement with vessel's owners in full and final settlement of outstanding claims

Sushant Shukla· ·15 min read
India-RBI

How RBI Regulations Flow: From Statute to Branch

This article maps that flow across all fifteen topics covered in this series — showing how a single regulatory intent (say, "prevent money laundering") becomes thousands of operational circulars, entity-specific directions, and compliance checkpoints.

Sushant Shukla· ·2 min read
India-RBI

The UCB Operational Chain

Every notification below is linked to the original verbatim text on CDN.

Sushant Shukla· ·4 min read
India-RBI

What Happens When a Rural Bank Fails

The process starts before failure, with deteriorating financial indicators. The Supervisory Action Framework (SAF) defines trigger points:

Sushant Shukla· ·5 min read
India-RBI

From NABARD to RBI: The Supervision Shift

This shift runs through all five regulatory topics covered in this series. Here's how.

Sushant Shukla· ·4 min read
Singapore

JASON SIM CHON ANG v PUBLIC PROSECUTOR

OF DECISION [Criminal Procedure and Sentencing — Trials — Taking and recording of evidence in] [Criminal Procedure and Sentencing — Criminal review] Version No 1: 26 Sep 2022 (12:23 hrs) i TABLE OF CONTENTS BACKGROUND FACTS ...........................................................................

Sushant Shukla· ·20 min read
India-RBI

One Crop Loan, Five Regulatory Frameworks

This is what Indian banking regulation looks like at the point of contact with the borrower it was built to serve.

Sushant Shukla· ·5 min read
India-RBI

Financial Inclusion vs. KYC: The Regulatory Tension

On August 16, 2002, the very first KYC circular contained a sentence that would define a regulatory tension lasting over two decades:

Sushant Shukla· ·5 min read
India-RBI

When a Co-operative Bank Does Forex

This article maps what happens when a UCB handles a foreign exchange transaction, tracing the compliance obligations through the KYC/AML framework, the FEMA authorised dealer framework, and the co-operative bank prudential norms.

Sushant Shukla· ·5 min read
India-RBI

The November 2025 Consolidation: 9,445 Circulars Withdrawn

This article explains what changed, what didn't, and what the new architecture looks like across all three regulatory domains.

Sushant Shukla· ·5 min read
India-RBI

How PMC Bank Failed: A Regulatory Autopsy

Every one of the 21,049 fictitious accounts should have been flagged at the point of creation. The KYC framework requires:

Sushant Shukla· ·6 min read
India-RBI

Cyber Security & IT Framework

See also: [Related: Digital Payments] (payment security) | [Related: Co-operative Banks] (UCB CBS rollout) | [Related: Regional Rural Banks] (RRB technology)

Sushant Shukla· ·5 min read
India-RBI

Licensing & Authorization: Complete Timeline

See also: [Related: Co-operative Banks] (UCB licensing moratorium and SAF) | [Related: Regional Rural Banks] (RRB branch licensing)

Sushant Shukla· ·6 min read
India-RBI

Basel Capital Adequacy: Complete Timeline

See also: [Related: NBFC Regulation] | [Related: Co-operative Banks] | [Related: G-Sec & Money Market]

Sushant Shukla· ·6 min read
India-RBI

Interest Rate Policy: Complete Timeline

2,388 notifications trace this evolution. 250 are unique to this topic — primarily the export credit interest rate circulars (revised seasonally), the exchange-traded interest rate derivatives framework, and the penal charges reform of August 2023.

Sushant Shukla· ·6 min read
India-RBI

Non-Performing Assets & Loan Recovery: Complete Timeline

This article focuses on what's unique to the NPA chain: the evolution of recognition norms, the provisioning framework, floating provisions, infrastructure project asset classification, and the Provisioning Coverage Ratio.

Sushant Shukla· ·5 min read
India-RBI

ARCs, SARFAESI & Loan Transfer Framework

122 securitisation framework notifications, 96 ARC notifications, 27 direct assignment notifications, and 58 recovery/enforcement notifications build this market.

Sushant Shukla· ·5 min read