26 Sept 2024
BOND HOLDINGS SDN BHD 1. ) SYCAL BERHAD 2. ) SYCAL ICC PROPERTIES SDN BHD
- Citation
- WA-22NCvC-590-10/2022 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCvC-590-10/2022 (Mahkamah Tinggi)
Although Bond breached by failing to raise the full RM20,000,000, Sycal admitted receipt of RM18,816,000 (94.08%) which enriched Sycal at Bond's expense; Bond's unjust enrichment claim succeeds for the shortfall equivalent to 94.08% of its contractual entitlement (RM9,946,389.46 → RM9,357,563.20) less amounts already received (RM6,773,738.99) resulting in RM2,583,824.21 payable, with Sycal's termination held valid and Sycal awarded certain declaratory reliefs in its counterclaim.