13 Feb 2020
Nuha Ramkissoona & 1 Lg MSJ Rich Resources Sdn Bhd & 3 Lg
- Citation
- WA-24NCC-656-12/2019 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCC-656-12/2019 (Mahkamah Tinggi)
The plaintiffs failed to prove absence of valid directors' or members' resolutions; the undated circular directors' and members' resolutions signed by the majority were valid (directors' written resolution valid under the articles; members' written resolution valid under s290 and signed by shareholders holding over 50% (85% combined)); ratification after execution is permissible; therefore the SPA was not void under section 223 and the Originating Summons must be dismissed.