24 Feb 2026
1. ) Kulim (Malaysia) Berhad 2. ) Kulim Energy Nusantara Sdn Bhd 1. ) Ahamad Bin Mohamad 2. ) Abdul Rahman Bin Sulaiman 3. ) Zulkifly Bin Zakariah 4. ) Jamaludin Bin Md Ali 5. ) Azli Bin Mohamed 6. ) Shahrom Bin Mohd Saad
- Citation
- WA-22NCC-679-12/2022 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-679-12/2022 (Mahkamah Tinggi)
Court held 1st–4th Defendants breached duty of care for inception of Barut and Amara by failing to disclose material reports, not obtaining required valuation safeguards and not following board directives, but did not act dishonestly or for personal gain; 5th and 6th Defendants not liable; plaintiffs failed to prove causation of claimed losses; exercising discretion under s581 Companies Act and the business judgment rule, court relieves 1st–4th Defendants from liability and awards no damages.