SHAKIB BIN ABU BAKAR BANAFEE v 1. ) AWH INTERNATIONAL LOGISTICS SDN BHD 2. ) MOHD AZIZUL BIN MOHD NASIR 3. ) AHMAD AKID BIN NOOR AZLEE

ja-22ncc-67-10-2023 High Court (Mahkamah Tinggi) 10 September 2024 • JA-22NCC-67-10/2023 • 20 min read

8 cases cited (0 SG, 8 foreign)

Catchwords

Company Law — Minority oppression — Conduct of majority shareholders and directors — Alleged mismanagement and diversion of company funds — Related-party transactions — Transfer of shares to related company — Financial assistance — Loan to company controlled by directors — Increase in director’s remuneration — Whether acts contravened ss. 123 and 225 Companies Act 2016 — Whether conduct amounted to oppression under s. 210 Companies Act 2016 Injunctions — Interim and mandatory injunctions — Application to restrain implementation of members’ and directors’ resolutions — Restoration of company funds — Maintenance of director’s remuneration at previous rate — Whether mandatory injunction proper to restore status quo — Principles governing mandatory injunctions — Shepherd Homes Ltd v Sandham applied — Locabail International Finance Ltd v Agroexport applied — s. 351 Companies Act 2016 considered Civil Procedure — Interlocutory relief — Balance of convenience — Adequacy of damages — Preservation of company assets — Status quo order — Discretion of the court

Practice Areas

Company Law Civil Procedure

Judges (1)

Noor Hisham bin Ismail Delivered

Counsel (7)

Arthur Wang, Lian & Assoc. Firm Damien Chan, Hannibal & Ng Chambers Firm Arthur Wang Ming Way Counsel Defendant CK Lim Counsel Plaintiff Damien Chan Counsel Plaintiff Ian Hannibal Counsel Plaintiff Nurfahrina binti Ab Rahim Counsel Defendant

Parties (4)

AWH INTERNATIONAL LOGISTICS Sdn Bhd Defendant Ahmad Akid bin Noor Azlee Defendant Mohd Azizul bin Mohd Nasir Defendant Shakib bin Abu Bakar Banafee Plaintiff

Statutes Cited

Companies Act 2016 (Cap 777)

Specific Relief Act 1950 (Cap 137)

Cases Cited (8)

UK (2)

[1979] 3 All ER 614 [1984] 1 All ER 245

MY (6)

[1978] 2 MLJ 227 [1979] 1 MLJ 150 [1989] 1 MLJ 219 [1994] 1 CLJ 157 [2004] 4 CLJ 674 [2025] 6 CLJ 872

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (ja-22ncc-67-10-2023)