25 Sept 2024
XXXX NAUTICAL SUPREME SDN BHD
- Citation
- W-02(NCC)(W)-1906-12/2020 (Mahkamah Rayuan)
- Court
- NCC
- Case number
- W-02(NCC)(W)-1906-12/2020 (Mahkamah Rayuan)
The Court upheld the High Court: the pleaded 'collateral understanding' was not proven in light of contemporaneous documents and final Shareholders Agreement; appellant procured and induced a breach of the Shareholders Agreement and dishonestly assisted that breach; the 100,000 NTT shares must be retransferred to AMSB; appellant's appointment as director was valid and independent of the failed collateral understanding.