18 Sept 2020
TRITON EQUITY SDN. BHD. (NO. SYARIKAT: 958701-A) CITYPOINT STRATEGIES SDN. BHD. (NO. SYARIKAT: 986817-U)
- Citation
- WA-22NCVC-943-12/2019 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCVC-943-12/2019 (Mahkamah Tinggi)
The High Court allowed the defendant's application and set aside the writ and statement of claim because the plaintiff relied on outdated audited accounts (2016) and failed to account for mutual dealings and payments made by the defendant to UOBB which, under section 526 Companies Act 2016, must be set off; there was no triable issue and the action constituted an abuse of process, warranting dismissal with costs.