29 Jul 2022
1. ) Dato Seri Puvanenthira Kumar A/l Ramalingam [Notis Pemberhentian Di Kandungan 12 & 13] 2. ) THANGAMANI A/L RENGASAMY 3. ) MOHD HANAFI BIN ABDULLAH 4. ) PACHIYAPPAN A/L PARIANAN 5. ) SEKAR A/L SINNASAMY 6. ) JEEVA JANAGAN A/L JEEVANANDA
- Citation
- BA-24NCC-11-02/2022 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-24NCC-11-02/2022 (Mahkamah Tinggi)
Plaintiffs proved oppression under s.346 by demonstrating that majority directors acted in a manner oppressive and prejudicial to minority shareholders: unauthorised transfers from D6 to D4/D5 supported by bank statements, formation and management of subsidiaries benefiting directors' family members, coerced approvals and unilateral management changes. The court exercised s.346 remedial powers to cancel relevant BOD resolutions, order restoration of RM384,356 to D6, convene an EGM under s.314(2) within 30 days to regulate affairs and decide removal/restraint of directors, and awarded costs of…