Nallini Pathmanathan J:

INTRODUCTION

[1]This dispute emanates from a conflict that arose primarily between the first plaintiff, one Deepak Jaikishan a/l Jaikishan Rewachand, and the first defendant, Intrared Sdn Bhd, an entity that is a subsidiary of the financial institution known as Kuwait Finance House (M) Sdn Bhd. The plaintiffs also enjoyed a banker-customer relationship with the latter.

[2]As a consequence of the conflict, which related to the purchase of a commercial building that was in the process of being constructed, the plaintiffs claim that they have suffered vast losses arising from the acts of the first defendant, Intrared, which the plaintiffs maintain amount to a breach of contract.

[3]Further or alternatively, the plaintiffs maintain that the first defendant conspired with Kuwait Finance House (M) Sdn Bhd to cause them injury, and caused immeasurable loss to the plaintiffs’, particularly the first plaintiffs, credit reputation.

[4]The first defendant categorically denies these allegations, in so far as the second defendant is concerned, the plaintiffs seek to establish that there are sufficient grounds for the corporate veil of the second defendant, a wholly owned subs