OCEANCOVE SDN. BHD. v 1. ) AMINVESTMENT BANK BERHAD 2. ) Wong Cheng Fong
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This Court’s Orders [65] After a thorough evaluation of the evidence and submissions, and applying the relevant legal principles, this Court hereby grants the following reliefs: (a) A declaration that the 1st and 2nd Defendants had wrongfully and/or recklessly and/or negligently sold 148,500,000 Benalec shares without the Plaintiff’s authority (b) Equitable compensation of RM50,000.00 to be paid by the 1st and/or 2nd Defendant to the Plaintiff for the said unauthorized sale of 148,500,000 Benalec shares in the amount of to be paid forthwith (c) Interest of 5% on the said equitable compensation sum of RM50,000.00 to be calculated from the date of this judgment until the date of full and final settlement (d) Costs to be paid by the 1st and 2nd Defendants in the amount of RM40,000.00 respectively, to the Plaintiff, subject to allocator.
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Judgment
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Read on eJudgmentSource: eJudgment (wa-22ncvc-156-03-2023)