Malaysia Case Law: Decisions & Judgments | LexChat

Topic

Repayment of funds

Legal area

Court

14 Jan 2026

SAFFRON INFO SYSTEMS SDN. BHD. SARAVANAN A/L SUBRAMANIYAN

Citation

B-02(NCC)(W)-1271-07/2024 (Mahkamah Rayuan)
Court

NCC
Case number

B-02(NCC)(W)-1271-07/2024 (Mahkamah Rayuan)

No evidence established a concluded share sale, no personal guarantee, and no proof of actual fraud or unconscionable conduct by the director to justify lifting the corporate veil; payments were made to the company and used legitimately as working capital, therefore the director is not personally liable and the High Court's dismissal of personal liability is affirmed.
28 Dec 2021

CUSTOMCRAFT (M) SDN BHD (Company No.: 290714-; YONG SIAK CHOONG (Identity Card No.: 571213-10-5295)

Citation

WA-22NCvC-228-05/2020 (Mahkamah Tinggi)
Court

High Court
Case number

WA-22NCvC-228-05/2020 (Mahkamah Tinggi)

On the balance of probabilities the RM150,000 were advance payments/loans to the 1st Defendant repayable on failure of the proposed joint venture; there was no contemporaneous documentation effecting a transfer of intellectual property from the 1st Defendant, the documentary record indicated IP belonged to Dr Wong and was assigned to Royal Capital Berhad with manufacturing rights to MB10, and the MOU was not a binding agreement; accordingly the 1st Defendant must repay RM150,000 with interest and no costs are awarded.