P
Polydamic Sdn Bhd
Organisation 1 case
About Polydamic Sdn Bhd
Polydamic Sdn Bhd appears as a party in 1 judgment in the MY Case Law database, spanning May 2025 to May 2025. Polydamic Sdn Bhd appeared as plaintiff in 1 case. Cases span the High Court (1).
How many court cases involve Polydamic Sdn Bhd?
Polydamic Sdn Bhd appears in 1 published judgment from May 2025 to May 2025. Most commonly as plaintiff (1 cases).
Practice Areas
- Full Trial 1 - Whether there exists a settlement agreement to pay the sum between the Plaintiff and Defendants or whether the said settlement agreement only exists between Plaintiff and First Defendant? 1 - Whether the filing of a Proof of Debt by the Plaintiff against the First Defendants which have been wound estopps the Plaintiff from pursuing its claim against the 2nd and 3rd Defendant? 1 - Whether there was any basis to lift the corporate veil of the Defendants? 1 - The Court finds: 1 (a) that the debt was at all times due from D1 to P; (b) that there was no admission, assignment and/or assumption of D1’s debt by D2 and D3; (c) that at all material times, the settlement for the amount of RM2,893,205.00 originated from D1 and it was D1 who agreed to pay the said sum as settlement to P; (d) that there was no privity of contract between P and D2 and D3 in respect of the sum of RM2,893,205.00 nor in respect of the transfer of properties Nos.184 and 185 to P; (e) that the Defendants at all times operated as separate legal entities as opposed to a single economic entity and that therefore, there is no basis to pierce or lift the corporate veil to treat the Defendants as a single economic entity. 1 - The Plaintiff’s claim against D2 and D3 is dismissed with costs. 1