12 Feb 2026
1. ) IMPIANA SDN. BHD. 2. ) DATO' SERI ISMAIL @ FAROUK BIN ABDULLAH 1. ) V CAPITAL SDN. BHD. 2. ) DATO' HOO VOON HIM PIHAK TERKILAN LEE HOCK SENG
- Citation
- WA-22NCC-354-05/2024 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-354-05/2024 (Mahkamah Tinggi)
The court found defendants breached the Share Sale Agreement and Supplemental Agreement by failing to effect the 3rd tranche payment of RM15,000,000 by 15-02-2024 and by failing to undertake the Assumption of Liabilities by 30-11-2023. Plaintiffs demonstrated continuous readiness and willingness to perform. Under Specific Relief Act 1950 (s11 and s18) and established authorities, monetary compensation was inadequate and specific performance was appropriate; the court therefore ordered specific performance (payment of RM15,000,000 and assumption of liabilities) against the 1st and 2nd defendan…