RAJU K.RAMASAMY v WONG LI YUIN

ba-22ncc-67-05-2020 High Court (Mahkamah Tinggi) 15 October 2023 • BA-22NCC-67-05/2020 • 33 min read

12 cases cited (0 SG, 12 foreign)

Outcome

The defendant’s counterclaim is dismissed; and [90] Costs in the sum of RM25,000 to be paid by the defendant to the plaintiff, subject to allocatur.

Quoted verbatim from the judgment of High Court (Mahkamah Tinggi) (ba-22ncc-67-05-2020). Read the full judgment on the official Malaysia Courts portal for the complete decision.

Catchwords

"Shareholders dispute, share buy-back agreement, buy-back price not agreed in buy-back price, methodology to determine reasonable buy-back price, valuation methodology, Net Asset Valuation method, specific performance; Sales of Goods Act 1957 section 9."

Practice Areas

Contract

Judges (1)

Faizah binti Jamaludin Delivered

Counsel (5)

Al Sabri & Co. Firm Michael Chow Firm Ganapathi Ramasamy Counsel Plaintiff Michael Chow Counsel Defendant Neoh Kai Sheng Counsel Defendant

Parties (2)

Raju K.ramasamy Plaintiff Wong Li Yuin Defendant

Statutes Cited

Companies Act 2016 (Cap 777)

s 105 s 58

Evidence Act 1950 (Cap 56)

s 45

UK Sales of Goods Act 1983

s 8

Cases Cited (12)

UK (2)

[1934] 2 KB 17 [1942] 2 All ER 506

MY (10)

[1997] 1 AMR 797 [1997] 1 CLJ 406 [1997] 1 MLJ 288 [1997] 2 CLJ 153 [1997] 3 AMR 3012 [1997] 3 MLJ 61 [2010] 16 MLRH 500 [2014] 9 CLJ 337 [2014] AMEJ 1338 [2015] 1 MLJ 171

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (ba-22ncc-67-05-2020)