19 Dec 2025
Malaysia Debt Ventures Berhad 1. ) Platinum NanoChem Sdn. Bhd. 2. ) Platinum Green Chemicals Sdn. Bhd. 3. ) Antara Comodities (M) Sdn.Bhd. 4. ) Asian Food Ingredients Sdn.Bhd. 5. ) Anbananthan A/L Shanmugam 6. ) Jespal Singh Deol A/L Balbir
- Citation
- WA-22M-643-08/2019 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22M-643-08/2019 (Mahkamah Tinggi)
No binding compromise arose from the correspondence because MDV’s language was conditional, Item F reserved unfettered additional terms, essential conditions precedent (personal guarantees, share pledge, NOMAD report) remained unfulfilled, the 6th Letter envisaged execution as the event creating binding effect, and GNC’s delisting plus NOMAD resignation rendered performance unviable; consequently MDV lawfully withdrew and is entitled to RM108,772,652.67 plus profit and charges; claims in conspiracy and fraud against all defendants fail for lack of proof of agreement, unlawful means, intention…