14 Jan 2026
LEE TEIK AUN 1. ) MUJUR ZAMAN SDN BHD 2. ) MZ DEVELOPMENT SDN. BHD.
- Citation
- BA-22NCvC-515-12/2022 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-22NCvC-515-12/2022 (Mahkamah Tinggi)
The court determined as a matter of law that the Sale & Purchase Agreement was void under Section 223 and voidable under Section 293 because it was executed after the commencement of a winding up petition and constituted a contra transaction without valuable consideration within the twilight period; the contract was frustrated by the subsequent winding up under Section 57(2) Contracts Act 1950; and the plaintiff's claim was time-barred because the causes of action accrued by latest 15.12.2014 and the plaintiff failed to demonstrate reasonable diligence to delay accrual under s29 — accordingly…