KENANGA INVESTORS BERHAD v 1. ) IMPIANA SDN BHD 2. ) ISMAIL @ FAROUK BIN ABDULLAH

wa-22ncc-528-10-2022 High Court (Mahkamah Tinggi) 27 March 2025 • WA-22NCC-528-10/2022 • 18 min read

4 cases cited (1 SG, 3 foreign)

Outcome

The plaintiff’s claim is allowed, with costs.

Quoted verbatim from the judgment of High Court (Mahkamah Tinggi) (wa-22ncc-528-10-2022). Read the full judgment on the official Malaysia Courts portal for the complete decision.

Catchwords

CONTRACT: Subscription agreements – Whether 1st defendant breached agreements by failing to redeem preference shares and pay dividends COMPANIES AND CORPORATIONS: Whether redemption of preference shares and payment of dividends would breach Companies Act 2016

Practice Areas

Company Law Contract

Judges (1)

Adlin binti Abdul Majid Delivered

Counsel (5)

Kuruvilla, Yeoh & Benjamin Firm Shaikh David & Co Firm Edward Kuruvilla Counsel Defendant Shaikh Abdul Saleem Counsel Plaintiff Teoh Jo Vi Counsel Plaintiff

Parties (3)

IMPIANA Sdn Bhd Defendant KENANGA INVESTORS BERHAD Plaintiff Ismail @ Farouk bin Abdullah Defendant

Statutes Cited

Companies Act

s 70(3)

Companies Act 2016 (Cap 777)

Singapore Companies Act

s 70(3)

Cases Cited (4)

SLR (1)

[2001] 1 SLR 362

MY (3)

[1999] 5 MLJ 449 [2005] 3 MLJ 522 [2016] 10 MLJ 496

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-22ncc-528-10-2022)