FEDERAL COURT PUTRAJAYA
RINOTA CONSTRUCTION SDN BHD – Appellant
Versus
MASCON RINOTA SDN BHD & ORS – Respondent
| Table of Content |
|---|
| 1. petitioner's appeal involves orders regarding minority oppression. (Para 1 , 2 , 3) |
| 2. court assesses the appropriateness of remedies under s 181. (Para 4 , 10) |
| 3. background of petitioner’s claims and alleged oppression. (Para 5 , 6 , 15) |
[1] This is an appeal by the appellant against the decision of the Court of Appeal in allowing the appeal by the respondents against the decision of the High Court. The appellant was the petitioner in the s 181 Petition of the Companies Act 1965 at the High Court and the respondents in the present appeal were the respondents. We shall refer to the respective parties as they were before the High Court.
[2] The learned High Court Judge allowed the Petitioner's s 181 Petition and made the following orders:
(a) An order that the 2nd, 4th, 5th, 6th and 7th respondents jointly and severally purchase the shares owned by the petitioner in the company at such price and terms determined by the Court; after making all necessary adjustments to the accounts of the company to compensate for the acts and oppression of the respondents;
(b) An order that the 2nd and 4th respondents pay, or cause its subsidiaries or associated companies to pay the 1
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.