Without Mr Singh’s backing as the club’s largest creditor, a company voluntary arrangement (CVA) proposed by community company Darlington FC 1883 (DFC 1883) is now expected to fail.
However, DFC 1883 last night reassured fans that the club would still survive.
Mr Singh told The Northern Echo he did not want any of the money raised by fans bidding to save the club from liquidation.
But he repeated an assertion that he should get back some of the £800,000 he is owed, if the club received money for decisions he made.
It is understood Mr Singh wants a share if the club benefits from any redevelopment of the Arena site.
A second condition relates to clauses in the contract of former Quakers defender Dan Burn, who was sold to Fulham last summer. That could lead to money for Darlington FC.
DFC 1883 announced last week that the conditions had been removed from the CVA because they were not acceptable to the Football Association.
However, Mr Singh said his lawyers believed the conditions could be met if the agreement was structured differently.
The chairman told The Northern Echo he felt he was being “stitched up” and would be blamed if the CVA was not accepted at the creditors meeting on May 4.
He added: “What are they expecting me to do? Sign a piece of paper and walk away?
In business and in reality that just doesn’t happen.
“I don’t want any money from the funds that have been raised, but it’s only fair that if they’re going to get any back because of deals that have been done in the past, then I get a share.
“I hear that they’re already going down the route of a phoenix club and blaming me is an easy way out.”
Mr Singh said no one from DFC 1883 had called him for three or four weeks. “That just shows how keen they are to sort things out,” he added.
The former chairman is also unhappy at suggestions the club was left heavily in debt.
He said: “There was no debt – those were just the invoices for December. People need to get their facts right.”
In response, Craig McKenna, board member and project manager for DFC 1883, said that when he took over running the rescue bid, he decided it would be more efficient if discussions with Mr Singh
took place through their lawyers.
“We’re confident the club will be saved and a phoenix club is not on the agenda,” he added.