28 Aug 2020
1. ) PROF. DR. SITI NORMALA BINTI SHEIKH OBID 2. NOORIZAN FADILAH BINTI MD. ZAIN (NRIC No.: 790213-01-6006) 3. NUR KHADIJAH BINTI MD. ZAIN (NRIC No.: 850224-71-5052) 2. ) (BY ORIGINAL ACTION) LEMBAGA PEMEGANG AMANAH KOLEJ ISLAM MALAYSIA 1.
- Citation
- BA-22NCVC-714-12/2017 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-22NCVC-714-12/2017 (Mahkamah Tinggi)
The Trust Deed prohibited the use of BOT funds for the activities undertaken by IASB absent strict compliance with its clauses; decisions by MT, EXCO or Committee could not lawfully disburse funds; the 1st Plaintiff, as alter ego of IASB, committed deceit and breached duties under the Trust Deed and fiduciary obligations; consequently the corporate veil was pierced and the counterclaim against the 1st Plaintiff and IASB succeeds with declarations and equitable remedies including account, tracing and compensation; claims against 2nd and 3rd Plaintiffs fail.