Lim Seong Ong & Anor v Panshore Engineering Pte Ltd

Contract — Breach — Whether obligation to provide loan subject to condition precedent; Contract — Breach — Identification of parties to the contract — Whether consideration was intended to be nominal or substantial; Tort — Misrepresentation — Fraud and deceit — Amount of company’s debts understated — Whether director liable for fellow director’s misrepresentation; Tort — Inducement of breach of contract — Loan money disbursed to director was misappropriated — Whether fellow director knew the loan was to the company; Tort — Causing loss by unlawful means — Shareholder claiming for loss caused to company — Whether shareholder was proper plaintiff to sue for company’s loss; Tort — Inducement of breach of contract — Premises provided to company’s counterparty under joint venture agreement occupied by other companies — Whether director knew company’s counterparty was contractually entitled to whole of premises