1. ) LBCN DEVELOPMENT SDN BHD 2. ) MUJUR ZAMAN SDN BHD 3. ) LIPUTAN CANGGIH SDN BHD 1. ) HADRONS CONSULTING SDN BHD 2. ) FOS ADVISORY SERVICES SDN BHD 3. ) HADRONS CAPITAL SDN BHD 4. ) KOAY KANG CHUWAN 5. ) PRASAD RATHINASAMY 6. ) KOAY HAN

1. ) LBCN DEVELOPMENT SDN BHD 2. ) MUJUR ZAMAN SDN BHD 3. ) LIPUTAN CANGGIH SDN BHD 1. ) HADRONS CONSULTING SDN BHD 2. ) FOS ADVISORY SERVICES SDN BHD 3. ) HADRONS CAPITAL SDN BHD 4. ) KOAY KANG CHUWAN 5. ) PRASAD RATHINASAMY 6. ) KOAY HAN

On the balance of probabilities the court found Hadrons discharged its evidential burden: the CSAA and Settlement Agreement (backed by a Federal Court Consent Order) clearly governed entitlement to fees; contemporaneous documents and admissions supported Hadrons' computations; the companies failed to produce direct evidence, withdrew impropriety allegations and could not rebut Hadrons' case; res judicata/estoppel and contractual indemnities applied; accordingly judgment entered for Hadrons in Suit 215 and Suit 227 dismissed.

Citation
WA-22NCvC-227-05/2020 (Mahkamah Tinggi)
Parties
Plaintiff in Suit 215; Defendant in Suit 227: Hadrons Consulting Sdn Bhd; Defendant in Suit 215; Plaintiff in Suit 227: LBCN Development Sdn Bhd; Defendant in Suit 215: Berkat Gagah Sdn Bhd; Defendant in Suit 215; Plaintiff in Suit 227: Mujur Zaman Sdn Bhd; Defendant in Suit 215: Bentayan Properties Sdn Bhd; Defendant in Suit 215; Plaintiff in Suit 227: Liputan Canggih Sdn Bhd; Defendant in Suit 215; Stakeholder: Tetuan Abraham Ooi & Partners; Defendant in Suit 227: FOS Advisory Services Sdn Bhd; Defendant in Suit 227: Hadrons Capital Sdn Bhd; Defendant in Suit 227; Director (hadrons): Koay Kang Chuwan; Defendant in Suit 227; Director (hadrons): Prasad Rathinasamy; Defendant in Suit 227; Director (hadrons): Koay Han Kern
Court
High Court
Jurisdiction
Malaysia
Judgment Date
23 January 2025
Case Number
WA-22NCvC-227-05/2020 (Mahkamah Tinggi)
Procedural Posture
Consolidated Civil Suits (contract/fiduciary Dispute) / Judgment at Trial (high Court Decision Dated 19.03.2025)
Outcome
Final judgment for Hadrons Consulting Sdn Bhd in Suit 215; Suit 227 dismissed against Hadrons and others
Legal Topics
Breach of Contract, Performance Incentives and Fees, Indemnity, Res Judicata and Issue Estoppel, Stakeholder/co Mingled Account, Unjust Enrichment, Pleading and Burden of Proof
Source Language
Malay/English
Contract Law Company Law Equity and Fiduciary Duties Civil Procedure Evidence Law Breach of Contract Performance Incentives and Fees Indemnity +4 more

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Parties

Hadrons Consulting Sdn Bhd

Plaintiff in Suit 215; Defendant in Suit 227

LBCN Development Sdn Bhd

Defendant in Suit 215; Plaintiff in Suit 227

Berkat Gagah Sdn Bhd

Defendant in Suit 215

Mujur Zaman Sdn Bhd

Defendant in Suit 215; Plaintiff in Suit 227

Bentayan Properties Sdn Bhd

Defendant in Suit 215

Liputan Canggih Sdn Bhd

Defendant in Suit 215; Plaintiff in Suit 227

Tetuan Abraham Ooi & Partners

Defendant in Suit 215; Stakeholder

FOS Advisory Services Sdn Bhd

Defendant in Suit 227

Hadrons Capital Sdn Bhd

Defendant in Suit 227

Koay Kang Chuwan

Defendant in Suit 227; Director (hadrons)

Prasad Rathinasamy

Defendant in Suit 227; Director (hadrons)

Koay Han Kern

Defendant in Suit 227; Director (hadrons)

Procedural Posture

Consolidated Civil Suits (contract/fiduciary Dispute) / Judgment at Trial (high Court Decision Dated 19.03.2025)

Legal Issues

  1. 1 Whether Hadrons was entitled to consultancy fees and performance incentives under the CSAA and Settlement Agreement
  2. 2 Whether Hadrons breached fiduciary duties or acted improperly in withdrawing/receiving payments from the stakeholder account
  3. 3 Whether the companies' counterclaims are barred by res judicata/estoppel or constituted an abuse of process

Ratio Decidendi

On the balance of probabilities the court found Hadrons discharged its evidential burden: the CSAA and Settlement Agreement (backed by a Federal Court Consent Order) clearly governed entitlement to fees; contemporaneous documents and admissions supported Hadrons' computations; the companies failed to produce direct evidence, withdrew impropriety allegations and could not rebut Hadrons' case; res judicata/estoppel and contractual indemnities applied; accordingly judgment entered for Hadrons in Suit 215 and Suit 227 dismissed.

Court Disposition

Final judgment for Hadrons Consulting Sdn Bhd in Suit 215; Suit 227 dismissed against Hadrons and others

Orders

  • Hadrons Consulting entitled to outstanding cash RM26,287,971.75
  • Hadrons Consulting entitled to payment in kind via contra property (The Stride Office, Bukit Bintang City Centre Unit D3-09-01) valued RM5,000,000