13 Aug 2025
IRIS CORPORATION BHD 1. ) TAN SRI RAZALI BIN ISMAIL 2. ) DATUK TAN SAY JIM 3. ) Yam Tunku Dato Seri Shahbuddin Bin Tunku Besar Burhanuddin 4. ) DATO HAMDAN BIN MOHD HASSAN 5. ) DATO EOW KWAN HOONG 6. ) CHAN FEOI CHUN 7. ) SYED ABDULLAH BIN
- Citation
- W-02(NCC)(W)-1736-09/2022 (Mahkamah Rayuan)
- Court
- NCC
- Case number
- W-02(NCC)(W)-1736-09/2022 (Mahkamah Rayuan)
The appeal is dismissed because the respondents satisfied the cumulative statutory business judgment rule requirements under s214 CA 2016 and properly made an independent assessment under s215 having regard to their prior knowledge and the circumstances; the High Court correctly preferred the contemporaneous FH report over the incomplete, hindsight-driven EY investigation; procedural rules precluded default judgment against the 8th respondent; alternatively s581 relief would justify excusing liability.