SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

2019 MarsdenLR 1019

FEDERAL COURT PUTRAJAYA
YUI CHIN SONG & ORS – Appellant
Versus
LEE MING CHAI & ORS – Respondent


Petitioner Advocates:Gopal Sri Ram,Pramjit Kaur,David Yii,Demien Chan,Khairul Anwar ,Respondent Advocate: GK Ganesan,Cheang Sek Kwan,Lim Fong Say,James Huntzen Ong,Sukhvinder Singh Sidhuand

Table of Content
1. share transfers amid ongoing bankruptcy claims. (Para 1 , 2 , 3 , 4)
2. plaintiffs' standing to invoke statutory provisions questioned. (Para 5)
3. validity of transfers dependent on allegations of fraud. (Para 9)
4. court observations on procedural applications. (Para 14 , 15 , 16)
5. subsequent transfer validity as discussed. (Para 18 , 19 , 20)
6. subsequent transfers valid despite initial insolvency if good faith is shown. (Para 24 , 29)
7. conclusion on appeals and procedural adherence. (Para 30 , 31 , 32)

[1] The appellants in the present appeal were, at the material time, shareholders in the 6th respondent company (Tampin Theme Park). The 1st, 2nd and 4th appellants were the directors there. The appellants were the plaintiffs in the action at the High Court. In this judgment, the parties will be referred to as they was in at the High Court.

[2] In their statement of claim before the High Court, the plaintiffs sought for declaratory orders that the transactions for the transfer of shares in Tampin Theme Park by the plaintiffs in favour of the 1st, 2nd, 3rd and 4th defendants were null and void; and the appointment of the 1st respondent (Ming Chai) as director of th

Click Here to Read the rest of this document
1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top