8 Jul 2020
MILLION WESTLINK SDN. BHD. (Company No.: 1089796-U) 1. ALLIANCE INVESTMENT BANK BERHAD (Company No.: 21605-D) 2. MAYBANK INVESTMENT BANK BERHAD (Company No.: 15938-H) 3. UNIVERSAL TRUSTEE (MALAYSIA) BERHAD (Company No.: 28650-D)
- Citation
- WA-24NCC-49-01/2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCC-49-01/2020 (Mahkamah Tinggi)
The High Court correctly held that the refusal of specific performance and the award of damages in the SPA Action effectively terminated the 2014 SPA; consequently the Plaintiff ceased to have enforceable rights under that SPA and lacked locus to seek injunctions restraining defendants or the Trustee; the 1st Defendant lawfully transferred its notes under the 2019 SPA and the Vesting Order remains valid; Plaintiff is judicially estopped from contrary contentions given its prior litigation posture.