12 Dec 2023
XORIX SDN BHD 1. ) SMEB ASSET MANAGEMENT SDN BHD 2. ) ANDREW HENG 3. ) KUMARAKURU A/L JAI PRAKASH KRISHNAN 4. ) AZAHARIE SIMAN
- Citation
- WA-22NCC-633-08/2023 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-633-08/2023 (Mahkamah Tinggi)
The court exercised its discretion to grant ad interim injunctions to preserve the status quo because the plaintiff demonstrated a real risk of irreparable commercial prejudice from the disputed appointment of receivers and managers, offered an undertaking as to damages to address respondent prejudice, and the balance of convenience favoured preserving the business pending inter partes resolution.