15 Jun 2023
MUHAMMAD ZAHIR SANJAY BIN ABDULLAH yang beramal atas nama dan gaya Muhammad Zahir INNOSEVEN SDN BHD
- Citation
- W-02(IM)(NCvC)-1543-08/2022 (Mahkamah Rayuan)
- Court
- IM
- Case number
- W-02(IM)(NCvC)-1543-08/2022 (Mahkamah Rayuan)
Summary judgment was appropriate and is affirmed: the plaintiff's claim was a straightforward breach of contract for the refund of RM750,000 with no bona fide triable issues; the second defendant accepted and held the plaintiff's funds as stakeholder/trustee and breached fiduciary duties by failing to place funds in fixed deposit, releasing RM720,000 to the first defendant and retaining RM30,000; the first defendant breached the JVA by failing to procure the Cleaning Services Contract and thus cannot benefit from its breach; allegations of fraud did not convert the claim into a Derry v Peek f…