1. ) QUEENSWAY NOMINEES (ASING) SDN BHD 2. ) Mulpha Kluang Maritime Carriers Sdn Bhd 3. ) Queensway Nominees (Tempatan) Sdn Bhd 4. ) West-Jaya Sdn Bhd 5. ) Leisure Dotcom Sdn Bhd 6. ) MPHB Capital Berhad 7. ) Multi-Purpose Shipping Corporation Berhad 8. ) Tan Sri Surin Upatkoon 9. ) Kheoh And Yeng 10. ) Ivevei Upatkoon 11. ) Datuk Vijeyaratnam A/l V.thamotharam Pillay v ISM Sendirian Berhad

w-02nccw-1220-07-2019 Court of Appeal (Mahkamah Rayuan) 20 October 2024 • W-02(NCC)(W)-1220-07/2019

Catchwords

Section 181 of the Companies Act 1965 - rehabilitation of an abandoned project - acquisition of the lands - joint venture - shareholders' agreement - oral agreement - actionable oppression and unfair prejudice - minority shareholder - quasi-equity - oral joint venture agreement - breach of fiduciary duty - exemplary and punitive damages - different treatment regarding interest - unfair discrimination - suppressing document - failing to provide adequate disclosure of information - unincorporated joint venture - just and equitable principles - commercial relationship.

Judges (3)

Lim Chong Fong Coram Mariana binti Haji Yahya Delivered Ravinthran a/l Paramaguru Coram

Parties (11)

ISM Sendirian Berhad Respondent Leisure Dotcom Sdn Bhd Appellant MPHB Capital Berhad Appellant Mulpha Kluang Maritime Carriers Sdn Bhd Appellant Multi-Purpose Shipping Corporation Berhad Appellant QUEENSWAY NOMINEES Sdn Bhd Appellant West Jaya Sdn Bhd Appellant Datuk Vijeyaratnam a/l V.thamotharam Pillay Appellant Ivevei Upatkoon Appellant Kheoh And Yeng Appellant Tan Sri Surin Upatkoon Appellant

Judgment

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Source: eJudgment (w-02nccw-1220-07-2019)