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2019 MarsdenLR 27

HIGH COURT MALAYA PENANG
PROMPT DYNAMICS (BKHICD) SDN BHD & ORS – Appellant
Versus
SMALL MEDIUM ENTERPRISE DEVELOPMENT BANK & ORS – Respondent


Petitioner Advocates:Ravin Velio ,Respondent Advocate: Ashmadi Othman

Table of Content
1. financial transactions and their implications. (Para 1)

[1] The suit filed by the plaintiffs is for these prayers:

(a) A declaration that the Minister of Finance, a body corporate under Minister of Finance (Incorporation) Act 1957 is unconstitutional and is ultra vires of the Federal Constitution;

(a) (i) A declaration that the business activities and the services of the 1st Defendant are contrary to the Competition Act 2010 .

(b) An Injunction restraining the Defendants, its servants and or its agents from pursuing any form of execution, winding up and or bankruptcy proceedings against the Plaintiffs;

(c) A declaration that the 1st Defendant has breached its fiduciary duty;

(d) A declaration that the sale of the 1st and 2nd Plaintiffs non-performing accounts from the 1st Defendant to 2nd Defendant is illegal, null and void;

(e) A Declaration that the 2nd Defendant is illegal, null and void;

(f) An Order for stay in respect of Judgments dated 13 July 2016; 14 July 2016; 29 July 2016 and 8 November 2016 vide civil actions in Kula Lumpur High Court Civil No WA-22M-103-06/2016, WA-22M-111-06/2016, WA-22M-112-06/2016 and WA-22NNCC-223-06/2016;

(g) An Order to set aside th

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