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2013 MarsdenLR 1102

HIGH COURT MALAYA, KUALA LUMPUR
AZIZI YOM AHMAD & ANOR – Appellant
Versus
SEACERA TILES BHD & ORS – Respondent


Table of Content
1. locus standi - general and limited (Para 25 , 26 , 27 , 28 , 29 , 30 , 31 , 32 , 33)
2. application of companies act (Para 34 , 35 , 36 , 37)
3. analysis of previous case law (Para 38 , 39 , 40 , 41 , 42 , 43 , 44 , 45 , 46 , 47 , 48)
4. exceptions to foss v. harbottle (Para 49 , 50 , 51 , 52)
5. substantial disposal examination (Para 53 , 54 , 55 , 56)
6. ratios and calculation review (Para 57 , 58 , 59 , 60 , 61 , 62 , 63)
7. consideration of aggregate values (Para 64 , 65 , 66 , 67 , 68)
8. defendants' financial calculations (Para 69 , 70 , 71 , 72)
9. procedural fairness and regulatory compliance (Para 73 , 74 , 75 , 76)
10. assessment of credibility of witnesses (Para 77 , 78 , 79 , 80 , 81 , 82 , 83)
11. concluding remarks on testimonies (Para 84 , 85)
12. overall judgment synopsis (Para 86 , 87)
13. section 132c(3) considerations (Para 88 , 89 , 90 , 91 , 92 , 93)

[25] This becomes clearer when one reads the Supreme court's judgment further along at p 19:

"So a reference to a sale being concluded at the fall of the auctioneer's hammer could only refer to that stage of the transaction of sale where there is concluded an agreement between the vendor and the highest bidder

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