Singapore's High Court has criticized the manner in which United Overseas Bank (SGX:U11) has been taking inconsistent legal positions on late payment charges in connection with mortgage cases, according to a Straits Times report on Tuesday.

Assistant Registrar, Randeep Singh Koonar, termed the bank's actions "unsatisfactory" for withdrawing claims in court when asked for a legal justification, the report said.

The recent judgment was delivered in a 2026 case filed by UOB against a company named SGmade Co-Operates, that owed it around SG$556,200, the report noted.

According to Randeep, the bank had withdrawn its claims when the High Court asked for legal justification, the report added.

Later on, the bank admitted that it was not legally allowed to impose late payment charges via monthly installments, the report noted.

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