HIGH COURT MALAYA SHAH ALAM
SHAHIDA NABILA SERAT – Appellant
Versus
WAN SURAYA WAN ABDUL KADIR – Respondent
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JUDGMENT
Introduction
[1] The originating summons for remedies under s 346 of the Companies Act 2016 was dismissed with costs of RM12,000.00.
[2] The plaintiff, dissatisfied with the court's decision here, filed an appeal.
Salient Facts Of The Case
[3] The plaintiff and the defendant are equal shareholders of a company known as Srikandi Ayla Sdn Bhd, which was incorporated on 18 August 2022. The company's primary objective is to provide dental healthcare services.
[4] Both the plaintiff and the defendant are qualified dental practitioners. They each hold 150,000.00 ordinary shares, totalling 300,000.00 issued ordinary shares. They have each contributed RM150,000.00 in paid-up capital.
[5] The plaintiff and the defendant had a series of disagreements over the company's operational procedures and decision-making processes, which subsequently impacted its management and overall functioning. The defendant ceased work on 26 July 2024.
[6] The defendant proposed to sell her shares to the plaintiff for a sum of RM300,000.00, payable in three monthly instalments beginning in September 2024.
[7] However, the plaintiff argues that the offered price of RM300,000.00 was excessiv
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