CITADEL TRUSTEES BERHAD v KENAF TRADING GLOBAL SDN BHD

wa-22ncc-870-11-2023 High Court (Mahkamah Tinggi) 31 March 2026 • WA-22NCC-870-11/2023 • 38 min read

2 cases cited (0 SG, 2 foreign)

Outcome

For the reasons above, I dismissed counterclaim. Since neither party succeeded, I made no order as to costs.

Quoted verbatim from the judgment of High Court (Mahkamah Tinggi) (wa-22ncc-870-11-2023). Read the full judgment on the official Malaysia Courts portal for the complete decision.

Catchwords

Full trial – The defendant had appointed the plaintiff as a custodian of an investment fund – The defendant was the manager of the fund – The plaintiff resigned as trustee of the fund – Whether the plaintiff’s resignation as trustee was validly done – Whether the defendant must pay the trust monies to the plaintiff to enable the plaintiff to discharge its obligations to the investors – Whether the plaintiff must return the trustee fee paid by the defendant

Practice Areas

Equity & Trusts Contract

Judges (1)

Quay Chew Soon Delivered

Counsel (4)

Jeffrey John Firm Shaikh Harun & Co. Firm Jeffrey John Counsel Plaintiff Zahidah binti Md Zaman Counsel Defendant

Parties (2)

CITADEL TRUSTEES BERHAD Plaintiff KENAF TRADING GLOBAL Sdn Bhd Defendant

Statutes Cited

Companies Act 2016 (Cap 777)

Rules of Court 2012

Cases Cited (2)

MY (2)

[2016] 1 MLJ 464 [2021] 2 MLJ 374

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-22ncc-870-11-2023)