17 Jul 2023
1. ) Saidi Bin Abang Samsudin 2. ) Zul' Azman Bin Yaakub 1. ) QEOS LED SDN. BHD. 2. ) SITI KATHEJAH BINTI ABDULLAH 3. ) JEPAK HOLDINGS SDN BHD
- Citation
- WA-22NCC-450-09/2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-450-09/2020 (Mahkamah Tinggi)
Plaintiff's claim dismissed: court found 1st Defendant fulfilled its material funding and restructuring obligations, payments met or exceeded reasonable sums, the Agreements did not become frustrated by MOE termination (and anticipated such risk), Plaintiffs did not validly terminate per clause 13 (no opportunity to rectify given), no constructive trust established (no unconscionability or notice), and Plaintiffs’ conduct (including concealment and related bribery findings) rendered equitable relief unavailable; therefore shares remain with 1st Defendant and Plaintiffs’ claims fail.