21 Jan 2022
LOH TECK WAH 1. ) LIM PANG KIAM 2. ) YAP CHEE KHENG 3. ) PNL BUSINESS SERVICES SDN BHD 4. ) BDO GOVERNANCE ADVISORY SDN BHD
- Citation
- WA-24NCC-245-05/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCC-245-05/2021 (Mahkamah Tinggi)
The court held the contested acts were authorised management decisions within the directors' powers under s.211 and the companies' constitutions, taken to protect the companies' interests after discovery of wrongful conduct; there was no visible departure from standards of fair dealing or unfair disregard of minority interests, the appointments were ratified, and section 346 cannot be used to challenge legitimate executive decisions—therefore the originating summonses failed.