RANJEET SINGH SIDHU & ANOR vs ZAVARCO PLC & ANOR (ENCLS 90 & 94)

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2017 MarsdenLR 802

HIGH COURT MALAYA KUALA LUMPUR
RANJEET SINGH SIDHU & ANOR – Appellant
Versus
ZAVARCO PLC & ANOR (ENCLS 90 & 94) – Respondent

Table of Content
1. application for striking out and consent judgment. (Para 1 , 20 , 25)
2. the plaintiffs' background as shareholders and their derivative action. (Para 4 , 5 , 6)
3. arguments regarding locus standi and shareholder rights. (Para 26 , 36 , 50)
4. legal standards governing derivative actions. (Para 28 , 38)
5. court observations on the legal requirements for initiating actions. (Para 29 , 30 , 32 , 33)
6. ruling on locus standi and legitimacy of claims. (Para 41 , 45)
7. final determination on locus standi and implications for the derivative action. (Para 52)

[1] The first, second and third Defendants on the one part and the sixth to the sixteenth Defendants on the other part filed two separate Notice of Applications Enclosures 90 and 94 respectively to strike out the Writ and Statement of Claim dated 24 June 2015 under O 18 r 19 Rules of the High 2012 (RoC 2012). I allowed the said applications. Thus this appeal by the first and second Plaintiff.

Parties

[2] The Plaintiffs are as follows:-

(a) the first Plaintiff, Ranjeet Singh Sidhu (Ranjeet); and

(b) the second Plaintiff, Tan Sri Syed Mohd Yusof bin Tun Syed Nasir (Tan Sri Syed Mohd Yusof).

both are collectively referred to

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2017 MarsdenLR 802

HIGH COURT MALAYA KUALA LUMPURRANJEET SINGH SIDHU & ANOR – AppellantVersusZAVARCO PLC & ANOR (ENCLS 90 & 94) – Respondent

HIGH COURT MALAYA KUALA LUMPUR
RANJEET SINGH SIDHU & ANOR – Appellant
Versus
ZAVARCO PLC & ANOR (ENCLS 90 & 94) – Respondent