27 May 2021
SUNNY JUNCTION SDN BHD (NO. SYARIKAT : 657869-W) JITTRA SDN BHD (NO. SYARIKAT : 1016044-A)
- Citation
- W-02(NCC)(W)-1943-10/2019 (Mahkamah Rayuan)
- Court
- NCC
- Case number
- W-02(NCC)(W)-1943-10/2019 (Mahkamah Rayuan)
Court of Appeal held appellant was not a "Purchaser" under the Scheme of Arrangement and held an indefeasible registered title; the SPA executed by ICEM pursuant to a Scheme‑derived Power of Attorney was invalid for non‑compliance with ss.3‑4 of the Power of Attorney Act 1949; High Court erred in treating appellant as Non‑Participating Purchaser and in entertaining unpleaded issues (illegal money‑lending); appeal allowed and respondent's claim against appellant dismissed.