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HIGH COURT MALAYA KUALA LUMPUR
NG SWEE PEN & ORS – Appellant
Versus
WALLA ENTERPRISE SDN BHD (ENCLS 79 & 84) – Respondent
| Table of Content |
|---|
| 1. determination of competing applications regarding ssa. (Para 1 , 2 , 3 , 4 , 5 , 6) |
| 2. factual context of the share sale agreement. (Para 9 , 10 , 11 , 12 , 13 , 14 , 15 , 16 , 17 , 18) |
| 3. interpretation of debt obligations in ssa. (Para 19 , 20) |
| 4. clarification of ssa language regarding obligations. (Para 21 , 22 , 23) |
| 5. frustration claim and its legal limitations. (Para 27 , 29 , 30 , 31 , 32) |
| 6. suitability of questions under o 14a. (Para 33 , 34 , 36 , 38) |
| 7. affirmative answer to the plaintiffs' first question. (Para 39 , 40 , 41 , 42 , 43) |
| 8. breach of ssa and plaintiffs' rights. (Para 47 , 48 , 49) |
| 9. defendant's application for return of payments. (Para 52 , 53 , 54 , 55 , 56) |
| 10. final ruling on applications and entitlements. (Para 61 , 62) |
(Enclosures 79 And 84)
Introduction
[1] There were two competing applications brought pursuant to O 14A of the Rules of Court 2012. Both sought determination on separate questions of law and interpretation arising from a Share Sale Agreement dated 1 December 2021 ("SSA").
[2] The first application (encl 79) was filed by the 1st to 5th plaintiffs ("Plaintiffs"). Pursuant to this application, the Plaint
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