24 Mar 2023
EMPIRE HOLDINGS LTD 1. ) ITHMAAR DEVELOPMENT COMPANY LTD 2. ) ITHMAAR BANK B.S.C. 3. ) MAA GROUP BERHAD 4. ) TUNKU DATO' YAACOB KHYRA 5. ) TURIYA BERHAD
- Citation
- WA-22NCC-295-07/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-295-07/2021 (Mahkamah Tinggi)
Plaintiff failed to discharge evidential burden on core allegations: security documents authorized sale without notice; alleged redemption representation/agreement unproven and principal lacked capacity; valuation claim unsupported by requisite expert evidence and speculative; no evidence of conspiracy or breach by TDYK; CMSA/Take-Overs allegations cannot be enforced in civil court absent prior SC determination. Accordingly plaintiff's case fails as a matter of law and on evidence.