15 Jan 2020
HAMIZAN BINTI MOHD ARIS (NRIC : 670129-10-6264) 1. BRUHANUTHEEN BIN AHMED MUSTAFA (NRIC : 581217-10-5099) 2. AHMAD RIZA BIN BASIR (NRIC : 601119-08-5755)
- Citation
- BA-24NCC-114-08/2019 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-24NCC-114-08/2019 (Mahkamah Tinggi)
Plaintiff's allegations did not meet the statutory threshold of oppression under s.346: the principal transactions were authorized by directors' resolutions and occurred before the plaintiff acquired shares, the plaintiff delayed unreasonably in bringing the claim, the defendants provided credible explanations and documentary evidence, and conjecture about secret profits or administrative errors is insufficient to establish oppression; accordingly the application is dismissed with costs.