5 Nov 2025
TINDERMAN HOLDING LIMITED ACE INVESTMENT BANK LIMITED
- Citation
- WA-24NCC-126-03/2025 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCC-126-03/2025 (Mahkamah Tinggi)
The defendant breached the Custodian Agreement by failing to comply with clear instructions and by unilaterally transferring custodial funds to an investment account without plaintiff's instruction or consent; estoppel bars the defendant from imposing new conditions after prior conduct and acknowledgements; accordingly the OS is allowed and the defendant must return the funds and pay costs.