10 Apr 2025
TP3 RESOURCES SDN. BHD. 1. ) HAU MUN MENG 2. ) TP3 RESOURCES SDN BHD ( dalam tuntutan balas) 3. ) Raja Shazreen Petra Binti Raja Azman Shah ( Dalam Tuntutan Balas) 4. ) Raja Iman Petra Bin Raja Azman Shah ( Dalam Tuntutan Balas) 5. ) Asia G
- Citation
- BA-22NCvC-223-06/2022 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-22NCvC-223-06/2022 (Mahkamah Tinggi)
TP3 failed to prove that Hau's breaches (delay in share allotment and delayed payments) were repudiatory or causatively linked to the loss of the TSR Contract; TP3 waived the timing breach by accepting five instalment payments and lacked readiness to perform the TSR Contract; TP3 breached its obligations by failing to apply the RM1.5 million to procure vehicles from Asia Seagate, entitling Hau to repayment of RM1.5 million with interest and costs; guaranteed profits and shareholder liability cannot be awarded absent privity or veil-piercing.