TA Securities Holdings Berhad
About TA Securities Holdings Berhad
TA Securities Holdings Berhad appears in 3 reported Malaysia court cases (2025–2026). TA Securities Holdings Berhad is recorded as Respondent (2) and Defendant (1). These cases were heard before MYHC (2) and MYCOA (1).
On the court record
A securities firm resisting discovery said to be a fishing expedition under Order 24, engaging depository-secrecy provisions, and defending a default judgment on appeal.
TA Securities Holdings Berhad appears in the corpus principally in discovery disputes arising from a claim over share purchases, together with a default-judgment appeal.
Two connected matters concerned applications for discovery under Order 24 of the Rules of Court 2012. The underlying claim alleged that substantial sums had been paid to purchase shares in a listed company, and that the shares were not transferred. The court set out the elements for an order for discovery: there must be a document, it must be relevant, and it must be or have been in the possession, custody or power of the party against whom discovery is sought, and the ultimate test is whether discovery is necessary for the fair disposal of the proceedings or for saving costs. It emphasised that discovery is not allowed where it is shown to be a fishing expedition. On appeal, the matter also engaged whether discovery was prohibited by statutory provisions on secrecy, including section 43 of the Securities Industry (Central Depositories) Act 1991, and the scope of any duty of care owed by banks to non-customers under the Financial Services Act 2013.
A separate matter, framed in Bahasa Malaysia, was an appeal against a Sessions Court's refusal to set aside a penghakiman ingkar kehadiran (judgment in default of appearance), where the appellant had failed to enter appearance within the prescribed time. The court considered whether the writ and statement of claim had been validly served under the contract terms, engaging Order 10 rule 3 of the Rules of Court 2012, and whether the appellant had shown a bona fide defence raising a triable issue; the appeal was dismissed with costs.
These proceedings show a securities firm resisting discovery said to be a fishing expedition and defending the finality of a default judgment. Outcomes are stated only as recorded.
How many Malaysia court cases involve TA Securities Holdings Berhad?
TA Securities Holdings Berhad appears in 3 reported Malaysia court cases (2025–2026).
Which courts does TA Securities Holdings Berhad appear in?
TA Securities Holdings Berhad appears before MYHC (2) and MYCOA (1).
What elements did the court require for an order for discovery?
That there be a document, that it be relevant, and that it be or have been in the possession, custody or power of the party against whom discovery is sought, with the ultimate test being whether discovery is necessary for fair disposal or for saving costs; a fishing expedition is not allowed.
What secrecy provisions were engaged on appeal?
Whether discovery was prohibited by section 43 of the Securities Industry (Central Depositories) Act 1991 and the scope of any bank's duty of care to non-customers under the Financial Services Act 2013.