23 Jun 2023
DATO' CHANG JONG YU 1. ) KUALA IBAI DEVELOPMENT SDN BHD 2. ) DATO' SERI YONG TU SANG 3. ) YONG EVA
- Citation
- BA-24NCvC-905-08/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-24NCvC-905-08/2021 (Mahkamah Tinggi)
The court held that the Notice and Special Meeting complied with the Companies Act (notably ss 310 and 311) and the company's constitution; the meeting and passed resolution were valid. Any disposition of assets remained subject to the Consent Order and required court leave under s472, so the plaintiff suffered no immediate prejudice. The plaintiff should have objected at the meeting; his failure and the pendency of related litigation meant his challenge was unfounded and amounted to an abuse of process. Claim dismissed with costs RM10,000.00.