29 Jun 2022
ONG YEE MIAN 1. ) OCBC BANK (MALAYSIA) BERHAD 2. ) RHB Asset Management Sdn Bhd
- Citation
- WA-22NCC-573-11/2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-573-11/2020 (Mahkamah Tinggi)
The court found the extension to 15.9.2022 was valid because it was approved by unit‑holder resolution held pursuant to the Deed; notices (SMS/letter) were sent and plaintiff failed to respond or instruct OCBC to vote, amounting to laches/waiver/estoppel; OCBC acted as distributor/agent and did not unilaterally extend the fund and therefore is not liable; RHB is not liable because no breach or wrongdoing was pleaded against it; plaintiff's claim for immediate refund is premature and dismissed.