TMF Trustees Malaysia Berhad v 1. ) Masraf Al Barakah Sdn Bhd 2. ) Coshare Holdings Berhad

wa-24ncc-835-08-2022 High Court (Mahkamah Tinggi) 26 April 2023 • WA-24NCC-835-08/2022 • 12 min read
3 cases cited (0 SG, 3 foreign)

Outcome

For the reasons stated above, I allowed the Originating Summons (Enclosure 1) against the 2nd Defendant, granting prayers 2 and 8 as prayed, with some modifications to prayers 2.1, 2.2, 2.3, 2.4, and 3. Costs of RM7,000 are to be paid by the 2nd Defendant to the Plaintiff, subject to allocator.

Quoted verbatim from the judgment of High Court (Mahkamah Tinggi) (wa-24ncc-835-08-2022). Read the full judgment on the official Malaysia Courts portal for the complete decision.

Catchwords

Action to enforce rights under security documents to maintain integrity of financial arrangement - Senior Sukuk Murabahah Programme - assignment of rights - whether plaintiff can compel the defendants to provide necessary documentation and cooperate to facilitate recovery of the amounts due - whether defendants are bare trustees

Practice Areas

Islamic Banking & Finance

Judges (1)

Wan Muhammad Amin bin Wan Yahya Delivered

Counsel (6)

Pani Normala & Co. Firm Ramesh Dipendra Jeremiah Law Firm M. K. Gothandapani a/l M. Kanapathy Counsel Defendant Madavy a/l Krishnan Counsel Defendant Melvin Moi Kai Sen Counsel Plaintiff Ramesh Sathasivam Counsel Plaintiff

Parties (3)

Coshare Holdings Berhad Respondent Masraf Al Barakah Sdn Bhd Respondent TMF Trustees Malaysia Berhad Applicant

Statutes Cited

Specific Relief Act 1950 (Cap 137)

Cases Cited (3)

MY (3)
[1997] 5 MLJ 632 [2012] 2 MLJ 626 [2014] 7 MLJ 309

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-24ncc-835-08-2022)