23 Jan 2026
MULTI MERIDIAN SDN BHD ISKANDAR REGIONAL DEVELOPMENT AUTHORITY (IRDA)
- Citation
- JA-22NCvC-4-01/2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- JA-22NCvC-4-01/2020 (Mahkamah Tinggi)
Clause 4.3 of the JVA allocated the licensing risk to the Defendant; the licence revocation was causally linked to regulatory breaches and delayed/deficient conduct by the Defendant and was not a true external supervening event; therefore frustration under s.57(2) Contracts Act is unavailable. The Defendant breached Clause 4.3 (and Clause 25.1 obligations) causing IMSEC's collapse; Plaintiff proved loss of RM1,682,844.80 on balance of probabilities; Ecovis report admissible but of limited weight; counterclaim for training costs and mismanagement/fiduciary breach failed.