3 Mar 2025
PANNIRSELVAM A/L VELU DANA VALLEN A/L ARUMUGAM
- Citation
- PA-12B-40-10/2024 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- PA-12B-40-10/2024 (Mahkamah Tinggi)
The High Court upheld the Sessions Court: the LOU constituted a valid and binding contract of guarantee; consideration was satisfied by transferors signing transfer forms and resigning as directors and by Defendant's partial payments; allegations of duress and recalled MTDC grant were unproven; noncompletion of formal registration was due to Defendant's own inaction; accordingly the Defendant remained liable and the appeal was dismissed with costs fixed by the High Court.