KENANGA INVESTORS BERHAD v 1. ) LUMBER VERTEX SDN BHD [ DIGULUNGKAN PADA 14.10.2024] 2. ) NG CHEE SIONG

wa-22ncc-291-05-2023 High Court (Mahkamah Tinggi) 29 January 2024 • WA-22NCC-291-05/2023 • 13 min read

9 cases cited (0 SG, 9 foreign)

Catchwords

Summary Judgment – Order 81 Rule 1 of the Rules of Court 2012 – Specific performance of put and call option agreements and damages in lieu thereof – Personal guarantee – Failure to complete purchase pursuant to exercise of put option agreements – Validity and enforceability of put option notices – Whether notice was ambiguous – Partial performance of put and call option agreements – Defects in notices are not fundamental – Commercial coherence of agreements – Construction of agreements – Failure to raise any triable issue

Judges (1)

Wan Muhammad Amin bin Wan Yahya Delivered

Counsel (8)

Chia Koay & Teng Firm Shaikh David & Co Firm Grace Teng Peck Yin Counsel Defendant Leon Gan Han Chen Counsel Defendant Ng Chia How Counsel Defendant Nur Anis Natasya Counsel Defendant Shaikh Abdul Saleem Counsel Plaintiff Teoh Jo Vi Counsel Plaintiff

Parties (3)

KENANGA INVESTORS BERHAD Plaintiff LUMBER VERTEX Sdn Bhd Defendant Ng Chee Siong Defendant

Statutes Cited

Rules of Court 2012

Specific Relief Act 1950 (Cap 137)

Cases Cited (9)

UK (2)

[1968] 1 All ER 104 [2014] 1 WLR 1288

MY (7)

[1970] 2 MLJ 165 [1984] 2 MLJ 290 [1988] 2 MLJ 268 [2008] 1 MLJ 585 [2017] MLJU 466 [2018] MLJU 262 [2018] MLJU 512

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-22ncc-291-05-2023)