29 Nov 2022
SACHADAVE SINGH KANDA A/L BALDEV SINGH PARPUR SINGH A/L NAZAR SINGH
- Citation
- WA-22NCvC-260-04/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCvC-260-04/2021 (Mahkamah Tinggi)
Plaintiff failed to prove existence of a personal loan; contemporaneous documents and credible witnesses established an oral investment agreement under which Parpur advanced approximately RM 590,000 to NZR and is beneficial owner of 50% of NZR; Sachdave must transfer 50% of shares to Parpur subject to compliance with Moneylenders Act and must provide full financial and corporate accounts; allegations of siphoning were unproven and any company cause of action belongs to NZR; no interest award as capital was repaid.