An Indian-origin CEO and managing director of TCI Express, Chander Agarwal, asks a Singapore court to recover S$468,090 (reported as about ₹3.5 crore) that he says he provided to his former girlfriend as interest-free loans. After the relationship ends, he sues to reclaim the amount. The Singapore High Court rejects his position and finds that the money he spent was not repayable as loans.
The case centers on how the payments are characterized. Agarwal argues they were structured transfers meant to be repaid and treated as interest-free loans. The former girlfriend says the money amounts were gifts given out of affection, without any expectation of repayment. Across the accounts, the court sides with the girlfriend’s explanation, dismisses the CEO’s claim, and orders him to bear legal costs. One outlet also highlights that the judge specifically determines the spending “constituted gifts,” underscoring the legal reasoning behind the dismissal.
No further details about an appeal are reported in the provided sources.
