KOAY PENG SOON v 1. ) LEE SEIK FUN 2. ) LIM LEONG CHUAN 3. ) ENPRO SOLUTIONS SDN BHD 4. ) ABRE ENGINEERING SDN BHD 5. ) ENPRO TEKNOLOGI SDN BHD 6. ) ENPRO ENGINEERING SDN BHD
Catchwords
COMPANY LAW: Minority shareholder oppression – Denial of access to company accounts and financial information – Diversion of company funds to related entities – Whether systematic denial of director's access to financial records constitutes oppressive conduct – Whether unilateral transfer of company funds to entities solely owned by majority shareholders amounts to unfair prejudice – Whether buy-out remedy at fair value without minority discount is appropriate relief – Whether contemporaneous bank statement descriptions determine nature of payments as loans versus operational reimbursements – Applicability of Section 346 Companies Act 2016 – Standards of fair dealing and conditions of fair play in minority shareholder relationships CIVIL PROCEDURE: Counterclaim in originating summons proceedings – Whether counterclaim in affidavit complies with procedural requirements – Compliance with Order 28 Rule 7 Rules of Court 2012 – Whether formal application required for counterclaim directions in originating summons
Counsel (5)
Case Significance
KOAY PENG SOON v 1. ) LEE SEIK FUN 2. ) LIM LEONG CHUAN 3. ) ENPRO SOLUTIONS ... is a High Court (Mahkamah Tinggi) decision dated April 13, 2025 (citation: wa-24ncc-329-07-2024). The case was decided by Atan Mustaffa Yussof Ahmad.
What was the outcome of KOAY PENG SOON v 1. ) LEE SEIK FUN 2. ) LIM LEONG CHUAN 3. ) ENPRO SOLUTIONS ...?
KOAY PENG SOON v 1. ) LEE SEIK FUN 2. ) LIM LEONG CHUAN 3. ) ENPRO SOLUTIONS ... is a High Court decision dated April 13, 2025. The case was heard by Atan Mustaffa Yussof Ahmad. See the full judgment for details.
Statutes Cited
Companies Act 2016 (Cap 777)
Judgment
Read the full judgment on the official Malaysia Courts portal.
Read on eJudgmentSource: eJudgment (wa-24ncc-329-07-2024)