FARZIN RATAN KARMA V HELEN CAMPOS & 2 ORS

Case Significance

Farzin Ratan Karma v Helen Campos and others [2024] SGHC 41 was decided by Hoo Sheau Peng J in the General Division of the High Court on 13 February 2024, in Suit No 545 of 2021. The dispute arose from a business relationship between the plaintiff, Mr Farzin Ratan Karma, and the first defendant, Ms Helen Campos. Mr Karma alleged that Ms Campos committed commercially unfair and oppressive acts against him and sought a buyout order for his shares in the second and third defendant companies. Ms Campos and the defendant companies counterclaimed for breaches of the fiduciary duties Mr Karma owed as a director.

The judgment records that the court dismissed Mr Karma's claim and partially allowed the defendants' counterclaim. The second defendant, MC Corporate Services Pte Ltd ("MCCS"), was incorporated on 28 November 2006 and provided corporate secretarial and general management consultancy services; the third defendant, MC Accounting Services Pte Ltd ("MCAS"), was incorporated on 29 January 2008 and provided accounting services. The catchwords cover Companies (Directors, Duties) and Companies (Oppression, Minority shareholders), and the judgment references the Companies Act. The plaintiff was represented by Jimmy Yap & Co (Yap Neng Boo Jimmy); the defendants by Rajah & Tann Singapore LLP (Vikram Nair and Ashwin Kumar Menon).