27 Sept 2021
EMPIRE HOLDINGS LTD (SEYCHELLES COMPANY NO.: 037427) 1. ITHMAAR DEVELOPMENT COMPANY LTD (COMPANY NO: 174295) 2. ITHMAAR BANK B.S.C. (COMPANY NO: CR 99336) 3. MAA GROUP BERHAD (COMPANY NO: 471403-A) 4. TUNKU DATO’ YAACOB KHYRA (NRIC NO.: 600
- Citation
- WA-22NCC-295-07/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-295-07/2021 (Mahkamah Tinggi)
Injunction application dismissed because damages constituted an adequate remedy for any claim of undervalue sale; Plaintiff's equitable right of redemption had been extinguished upon lawful exercise of the Share Chargee's power of sale; WhatsApp exchanges did not establish a binding settlement or raise a serious question to be tried; TSM as an undischarged bankrupt lacked capacity to bind the Plaintiff; and statutory remedies under the CMSA require prior Securities Commission determination so section 360 could not sustain the injunction.