Back
HIGH COURT SABAH & SARAWAK KOTA KINABALU
NGEE SIE SIK – Appellant
Versus
LEE UK TEUNG & ORS – Respondent
| Table of Content |
|---|
| 1. plaintiff seeks to set aside share allotments. (Para 1 , 2 , 3 , 4 , 5) |
| 2. parties involved are family members. (Para 6 , 7 , 8 , 9) |
| 3. background on founding, shares, and management. (Para 10 , 11 , 12 , 13 , 14 , 15 , 16 , 17 , 18 , 19 , 20 , 21 , 22 , 23) |
| 4. court highlights document management issues. (Para 24 , 25 , 26 , 27) |
| 5. definition of oppression under companies act. (Para 28 , 29 , 30) |
| 6. justification and necessity of share allotment contested. (Para 31 , 32 , 33 , 34 , 35 , 36 , 37 , 38 , 39 , 40 , 41 , 42 , 43) |
| 7. payment of directors' fees questioned as oppressive. (Para 44 , 45 , 46 , 47) |
| 8. oppressive conduct regarding company management changes. (Para 48 , 49 , 50 , 51 , 52 , 53 , 54 , 55 , 56 , 57) |
| 9. court orders share allotment cancellation and costs. (Para 58 , 59) |
Introduction
[1] The amended Originating Summons ("OS") at hand was filed by the Plaintiff pursuant to s 346 of the Companies Act 2016 .
[2] The Plaintiff sought to set aside the allotment of 700,000 shares in the 6th Defendant company (Yun Chung Property Sdn Bhd) to the 1st to 4th Defendants as follows:
(i) the 1st Defendant: 490,000 shares
(ii) the 2nd Defendant: 70,000 sha
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
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
