SHANMUGANANTHAN RATNAM & ORS vs JT AEROTECH SOLUTIONS SDN BHD & ORS

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2023 MarsdenLR 1971

HIGH COURT MALAYA KUALA LUMPUR
SHANMUGANANTHAN RATNAM & ORS – Appellant
Versus
JT AEROTECH SOLUTIONS SDN BHD & ORS – Respondent

Petitioner Advocates:Alex Tan,Cheah Kha Mun ,Respondent Advocate: Alex De Silva,Angeline Tay

Table of Content
1. petitioners seek to restrain egm actions. (Para 1 , 2 , 3 , 4 , 5 , 6)
2. background of the dispute and relevant agreements. (Para 7 , 8 , 9 , 10 , 11 , 12 , 13 , 14 , 15 , 16 , 17)
3. principles for granting injunctions. (Para 18 , 19)
4. respondents' arguments on shareholder rights. (Para 20 , 21 , 22 , 23)
5. court's findings on the case. (Para 24)

Ahmad Murad Abdul Aziz J:

Inroduction

[1] The Petitioners filed a petition to wind up the First Respondent("the Company") pursuant to s 465(1)(f) and (h) of the Companies Act 2016 (" CA ") on the grounds that:

(i) the Second and Third Respondents ("R2" and "R3") collectively referred to as "the Respondents") had acted in their own interests in the affairs of the Company, and;

(ii) on just and equitable grounds

[2] The Petitioners then filed encl 8 ("Encl 8") seeking tor estrain the Respondents from:

(a) convening and conducting an Extraordinary General Meeting("EGM") of the Company scheduled on 26 May 2023, pending the disposal of Encl 8,the petition;

(b) moving the proposed resolutions to appoint three (3) additional directors, pending the disposal of the petition; and

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2023 MarsdenLR 1971

HIGH COURT MALAYA KUALA LUMPURSHANMUGANANTHAN RATNAM & ORS – AppellantVersusJT AEROTECH SOLUTIONS SDN BHD & ORS – Respondent

Cases Referred (2)

HIGH COURT MALAYA KUALA LUMPUR
SHANMUGANANTHAN RATNAM & ORS – Appellant
Versus
JT AEROTECH SOLUTIONS SDN BHD & ORS – Respondent