5 Jan 2022
1. HASSAN BIN JAMALUDIN (NO. K/P: 491213-02-5201) 2. NASRIAH BINTI AHMAD (NO. K/P: 560116-07-5190) 1. SARIDAH BINTI ASHAARI (NO. K/P: 630208-07-5244) 2. NURUL FARIZA BINTI OTHMAN (NO. K/P: 840408-14-5820) 3. MOHD ADIB BIN OTHMAN (NO. K/P: 8
- Citation
- W-02(IM)(NCC)-634-05/2020 (Mahkamah Rayuan)
- Court
- IM
- Case number
- W-02(IM)(NCC)-634-05/2020 (Mahkamah Rayuan)
Appeals dismissed: the plaintiffs' substantive complaints accrued by 6 May 1999 and are time barred under the Limitation Act; plaintiffs lacked locus standi to attack share allotments which, if actionable, are matters for the company; equitable reliefs are barred by laches and acquiescence; even if s.67 was contravened, allotments are not automatically void and do not give the plaintiffs the relief sought.