2 Feb 2023
D-26-50-2006 (Mahkamah Tinggi)
- Citation
- D-26-50-2006 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- D-26-50-2006 (Mahkamah Tinggi)
PTL was granted leave to intervene because it demonstrated a direct legal and pecuniary interest likely to be affected by the orders; the High Court Orders dated 23.5.2018 directing PTL to pay dividends to non-shareholders were made in breach of section 140 of the Labuan Companies Act 1990 and are therefore void and set aside; the court has inherent jurisdiction to set aside orders made in breach of statute and res judicata/ functus officio do not bar such relief.