TP3 RESOURCES SDN. BHD. 1. ) HAU MUN MENG 2. ) TP3 RESOURCES SDN BHD ( dalam tuntutan balas) 3. ) Raja Shazreen Petra Binti Raja Azman Shah ( Dalam Tuntutan Balas) 4. ) Raja Iman Petra Bin Raja Azman Shah ( Dalam Tuntutan Balas) 5. ) Asia G

TP3 RESOURCES SDN. BHD. 1. ) HAU MUN MENG 2. ) TP3 RESOURCES SDN BHD ( dalam tuntutan balas) 3. ) Raja Shazreen Petra Binti Raja Azman Shah ( Dalam Tuntutan Balas) 4. ) Raja Iman Petra Bin Raja Azman Shah ( Dalam Tuntutan Balas) 5. ) Asia G

TP3 failed to prove that Hau's breaches (delay in share allotment and delayed payments) were repudiatory or causatively linked to the loss of the TSR Contract; TP3 waived the timing breach by accepting five instalment payments and lacked readiness to perform the TSR Contract; TP3 breached its obligations by failing to apply the RM1.5 million to procure vehicles from Asia Seagate, entitling Hau to repayment of RM1.5 million with interest and costs; guaranteed profits and shareholder liability cannot be awarded absent privity or veil-piercing.

Citation
BA-22NCvC-223-06/2022 (Mahkamah Tinggi)
Parties
PLAINTIF: TP3 Resources Sdn Bhd; DEFENDAN: Hau Mun Meng; PLAINTIF (dalam Tuntutan Balas): Hau Mun Meng; DEFENDAN (dalam Tuntutan Balas): Raja Shazreen Petra binti Raja Azman Shah; DEFENDAN (dalam Tuntutan Balas): Raja Iman Petra bin Raja Azman Shah; DEFENDAN (dalam Tuntutan Balas): Asia Seagate Sdn Bhd
Court
High Court
Jurisdiction
Malaysia
Judgment Date
10 April 2025
Case Number
BA-22NCvC-223-06/2022 (Mahkamah Tinggi)
Procedural Posture
Guaman Sivil (contract Dispute and Counterclaim) / Judgment (grounds of Judgment)
Outcome
TP3's claim dismissed; Hau's counterclaim allowed against TP3 only; damages assessed and awarded.
Legal Topics
Breach of Contract, Joint Venture Agreement, Damages, Waiver, Acceptance of Late Performance, Quantification of Damages, Interest, Counterclaim, Piercing the Corporate Veil, Evidence and Credibility
Source Language
Malay/English
Contract Law Company Law Restitution / Unjust Enrichment Bankruptcy Civil Procedure Breach of Contract Joint Venture Agreement Damages +7 more

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Parties

TP3 Resources Sdn Bhd

PLAINTIF

Hau Mun Meng

DEFENDAN

Hau Mun Meng

PLAINTIF (dalam Tuntutan Balas)

Raja Shazreen Petra binti Raja Azman Shah

DEFENDAN (dalam Tuntutan Balas)

Raja Iman Petra bin Raja Azman Shah

DEFENDAN (dalam Tuntutan Balas)

Asia Seagate Sdn Bhd

DEFENDAN (dalam Tuntutan Balas)

Procedural Posture

Guaman Sivil (contract Dispute and Counterclaim) / Judgment (grounds of Judgment)

Legal Issues

  1. 1 Whether Hau breached the JVA by failing to allot 5% shares and/or incorporate the JV company as required
  2. 2 Whether Hau breached the JVA by failing to advance RM1,500,000 within the 7 day contractual period
  3. 3 Whether TP3 waived or accepted delayed performance and whether section 56(3) Contracts Act applies

Ratio Decidendi

TP3 failed to prove that Hau's breaches (delay in share allotment and delayed payments) were repudiatory or causatively linked to the loss of the TSR Contract; TP3 waived the timing breach by accepting five instalment payments and lacked readiness to perform the TSR Contract; TP3 breached its obligations by failing to apply the RM1.5 million to procure vehicles from Asia Seagate, entitling Hau to repayment of RM1.5 million with interest and costs; guaranteed profits and shareholder liability cannot be awarded absent privity or veil-piercing.

Court Disposition

TP3's claim dismissed; Hau's counterclaim allowed against TP3 only; damages assessed and awarded.

Orders

  • TP3 Resources Sdn Bhd's claim dismissed with costs
  • Hau Mun Meng's counterclaim allowed against TP3 Resources Sdn Bhd only