23 Jan 2026
MULTI MERIDIAN SDN BHD ISKANDAR REGIONAL DEVELOPMENT AUTHORITY (IRDA)
- Citation
- JA-22NCvC-4-01/2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- JA-22NCvC-4-01/2020 (Mahkamah Tinggi)
The court held that the JVA was not frustrated because the AP licence cancellation was not a wholly external supervening event but was substantially linked to IRDA's own breaches and delays; Clause 4.3 allocated licensing risk to IRDA, so IRDA could not invoke frustration; IRDA breached Clause 4.3 (and Clause 25.1) by failing to preserve the AP licence and by delayed/non‑transparent disclosure to the Board; the Plaintiff proved loss on the balance of probabilities and is entitled to RM1,682,844.80 plus interest; the Defendant’s counterclaims for training costs and mismanagement/fiduciary brea…