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Violet Oon’s business partner ordered to pay S$299,000 in legal costs to restauranteur and her family

Violet Oon’s business partner ordered to pay S$299,000 in legal costs to restauranteur and her family

Source: Business Times
Article Date: 04 Jul 2024
Author: Chong Xin Wei

Manoj Murjani and Group MMM are also ordered to pay disbursements of S$63,889.95.

Luxury and lifestyle company Group MMM and its director Manoj Murjani have been ordered by the High Court to pay S$299,000 to restauranteur Violet Oon and her two children.

In the judgment documents issued on Wednesday (Jul 3), Murjani and Group MMM were also ordered to pay disbursements of S$63,889.95 to the Oon family.

The judgment addresses the remaining points of contention between the parties, including the factors taken into account when assessing the fair value of the company’s shares and the legal costs involved.

Its delivery comes after the Oon family won the civil suit against Murjani in January, in which Singapore’s High Court ordered that the family buy out Murjani’s 50 per cent stake in the company at fair value. Murjani currently holds a 50 per cent stake in Violet Oon Inc through his sole shareholding of Group MMM.

Violet Oon Inc runs three Singapore restaurants serving local and Peranakan-inspired cuisine. Oon holds 20 per cent of the company and her children, 15 per cent each.

In the High Court’s view, Murjani and Group MMM’s conduct in the case made it “intolerable” for the Oon family to work with them. It also maintained that Murjani and Group MMM “should not profit from their own wrong in having acted unfairly” to Oon and her children.

Source: Business Times © SPH Media Limited. Permission required for reproduction.

Oon Swee Gek and others v Violet Oon Inc Pte Ltd and others and another matter [2024] SGHC 170

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