Vinvest Capital Holdings Berhad (sebelum ini dikenali sebagai VIVICOM INTL HOLDINGS BERHAD) v 1. ) EA Holdings Berhad 2. ) See Jovin 3. ) Ng Cheng Shin PIHAK TERKILAN 1. ) VINVEST CAPITAL HOLDINGS BERHAD 2. ) EA HOLDINGS BERHAD 3. ) Mohammad Sobri Bin Saad 4. ) Basir Bin Bachik 5. ) Azahar Bin Rasul 6. ) Abdul Fattah Bin Mohamed 7. ) Choo Seng Choon 8. ) Wong Wan Rou 9. ) Tay Mun Kit 10. ) Lim Tong Hock 11. ) Chia Kok Teong 12. ) David Hah Wei Onn 13. ) Tan Chuek Hooi 14. ) BURSA MALAYSIA DEP...

wa-22ncc-536-07-2023 High Court (Mahkamah Tinggi) 20 April 2025 • WA-22NCC-536-07/2023 • 33 min read
29 cases cited (0 SG, 29 foreign)

Catchwords

discovery of documents against Bursa Malaysia Depository Sdn Bhd-and Bursa Malaysia Bhd-Order 24 Rule 7A (2)-Rules of the Court 2012-Order 24 Rule 7A (2) ROC 2012-The right of a party to production of a document under Order 24 ROC 2012 is subject to Order 24 rules 8 and 13 ROC 2012.-Order 24 rules 8 and 13 ROC 2012 state that an order for the discovery or production of any documents for inspection shall not be made unless the Court is of the opinion that the order is necessary either for disposing fairly of the cause or matter or for saving costs.-The test is not whether the discovery or production of the documents would fairly dispose of the case, save time of trial and cost of calling witnesses. The emphasis is on necessity not fairness and it is for the applicant to satisfy the court. The burden is on the applicant and he must provide materials to satisfy the court of such necessity-fishing expedition-Discovery application is not for information-All parties affected by a court order must be made parties to the application-Section 43 of the Securities Industry (Central Depositories) Act 1991-Section 43 of the Securities Industry (Central Depositories) Act 1991 makes it clear that Bursa Malaysia is strictly prohibited from giving, divulging, revealing or otherwise disclosing any information or document whatsoever relating to the affairs of any depositors and in particular relating to their securities accounts, i.e. the CDS accounts to any person-The prohibition in Section 43 of the Securities Industry (Central Depositories) Act 1991 is subject to permitted disclosures under Section 45-court will enforce a statutory prohibition placed on a bank not to disclose information to a third party-

Judges (1)

Leong Wai Hong Delivered

Parties (19)

BURSA MALAYSIA BERHAD Non Party BURSA MALAYSIA DEPOSITORY Sdn Bhd Aggrieved Party EA Holdings Berhad Aggrieved Party EA Holdings Berhad Defendant VINVEST CAPITAL HOLDINGS BERHAD Aggrieved Party Vinvest Capital Holdings Berhad (sebelum ini dikenali sebagai VIVICOM INTL HOLDINGS BERHAD) Plaintiff Abdul Fattah bin Mohamed Aggrieved Party Azahar bin Rasul Aggrieved Party Basir bin Bachik Aggrieved Party Chia Kok Teong Aggrieved Party Choo Seng Choon Aggrieved Party David Hah Wei Onn Aggrieved Party Lim Tong Hock Aggrieved Party Mohammad Sobri bin Saad Aggrieved Party Ng Cheng Shin Defendant See Jovin Defendant Tan Chuek Hooi Aggrieved Party Tay Mun Kit Aggrieved Party Wong Wan Rou Aggrieved Party

Statutes Cited

Banking and Financial Institutions Act 1989
s 97(1)
Evidence Act 1950 (Cap 56)

Cases Cited (29)

UK (10)
[1898] AC 735 [1942] AC 332 [1964] 1 WLR 219 [1973] 2 All ER 943 [1974] AC 133 [1979] 2 All ER 112 [1980] 3 All ER 353 [1991] 1 WLR 607 [1991] 2 All ER 890 [1995] 1 WLR 447
MY (19)
[1990] 1 MLRH 568 [1990] 3 MLJ 231 [1994] 1 AMR 8 [1996] 2 AMR 2393 [1996] 2 MLJ 206 [1996] 4 CLJ 141 [1997] 3 MLJ 23 [1997] 4 CLJ 253 [2000] 7 CLJ 157 [2003] 1 CLJ 434 [2003] 3 MLRH 46 [2003] 8 CLJ 124 [2009] 5 MLJ 40 [2017] 10 MLJ 213 [2021] 3 CLJ 71 [2021] 3 MLJ 448 [2024] 10 CLJ 593 [2024] 12 MLJ 301 [2024] MLJU 3155

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-22ncc-536-07-2023)