29 Aug 2024
MR SHAJIR AHMED 1. ) PROTECTION RIGGING ACCESS SERVICES SDN BHD 2. ) DATUK WAHIRUDDIN BIN ABDUL WAHID 3. ) ZAIMAH BINTI ZAINI
- Citation
- BA-22NCvC-63-02/2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-22NCvC-63-02/2020 (Mahkamah Tinggi)
The court found that the 1st Agreement unambiguously treated the RM 2,100,000 as corporate financing convertible to equity only upon specific conditions; the Plaintiff validly declined conversion after due diligence so no breach occurred; the Defendants failed to prove on a balance of probabilities that there was any separate binding promise to invest or that claimed special damages were strictly proven; counterclaim dismissed.