Aspatra sdn bhd

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August undefined, 2024

WebMar 1, 2024 · The principles set out in Aspatra Sdn Bhd & 21 Others v Bank Bumiputra Malaysia Bhd & Anor [1988] 1 MLJ 97 were adopted when granting the Mareva Injunction. The Plaintiff had to show that it has a good arguable case. Subsequently, the Defendants must have assets within the jurisdiction. WebOct 3, 2016 · The veil lifted to reveal that the assets of Aspatra Sdn Bhd belong to the Lorrain Osman and the injunction was accepted. Conclusion. In conclusion, it clearly stated that the doctrine of separate legal entity have created double-edged swords to the shareholders of the company.

Aspatra SDN BHD & 21 Ors V Bank Bumiputra Ma - Scribd

WebJun 26, 2024 · At last, lifting the corporate veil can also assist in the prevention of fraud. In case Aspatra Sdn Bhd & Ors v Bumiputra Bank Malaysia Berhad (BBMB)[9], Lorrain Osman, one of the director of Aspatra Sdn Bhd, was once a director of Bumiputra Bank Malaysia Berhad, must account for the secret profit he made in breach the fiduciary duty. WebSep 22, 2024 · In the case of Aspatra Sdn Bhd & Ors v BBMB, BBMB and its subsidiary, BMF sued Lorrain for an account of secret profit while he was the director of BBMB and … kings arms farthingstone

ASPATRA SDN BHD (7097-W) - Malaysia Business Directory

WebNov 21, 2024 · “In Aspatra Sdn. Bhd. & 21 Ors. v. Bank Bumiputra Malaysia Berhad & Anor.[1987] CLJ 50 (Rep) this Court by a majority had referred to the importance of the relief by way of Mareva Injunction for the purpose of preserving assets and preventing a defendant from dissipating his assets within jurisdiction before judgment. WebJul 23, 2024 · This issue is addressed by Aspatra Sdn Bhd &21 Ors v. Bank Bumiputra Malaysia Bhd & Anor . Fact: The defendants sued against Lorrain Esme Osman, who … WebOct 31, 2024 · In Aspatra Sdn Bhd & 21 Ors v Bank Bumiputra Malaysia Bhd & Anor [1988] 1 MLJ 97, the Supreme Court ruled that paragraph 6 of the Schedule to the Courts of Judicature Act 1964, read with Order 29 Rules of Court 2012 and section 50 of the Specific Relief Act, are wide enough to confer jurisdiction on the High Court to provide an … luxury toy haulers full time rated

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Aspatra sdn bhd

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WebJun 26, 2024 · In Aspatra Sdn Bhd & 21 Ors v Bank Bumiputra Malaysia Bhd, the Aspatra and 21 other companies were appealed to the Supreme Court to request to discharge the Mareva injunction and Anton Piller which agreed by the trial judge. Lorrain was the director of two bank, Aspatra Sdn Bhd is one of the company that he controlled. WebFind company research, competitor information, contact details & financial data for ASPARA RESOURCES SDN. BHD. of PUCHONG, Selangor. Get the latest business insights from …

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WebMay 29, 2024 · In Aspatra Sdn Bhd & Ors v Bank Bumiputra Malaysia Bhd (1988) Respondents sued Lorrain Osman for an account of secret profits that he allegedly made while he was their director and chairman; also made an ex parte application for a Mareva injunction to restrain appellant from transferring his assets out of jurisdiction. WebThe Injunction was also extended to Aspatra Sdn Bhd, a company controlled by Lorraine Osman. The effect of this was that Aspatra Sdn Bhd is also restrained from ... APPLICATION Corporate veil of Rainbow Sdn Bhd can be lifted on the ground that it was used by Galak to avoid his legal obligation under the contract with Pelangi Sdn Bhd …

WebFeb 25, 2024 · The principles set out in Aspatra Sdn Bhd & 21 Others v Bank Bumiputra Malaysia Bhd & Anor [1988] 1 MLJ 97 were adopted when granting the Mareva Injunction. The Plaintiff had to show that it has a good arguable case. Subsequently, the Defendants must have assets within the jurisdiction. Webthe incorporators from satisfying creditors' claims. An example is the case of Aspatra Sdn Bhd v Bank Bumiputra Malaysia Bhdn where the Malaysian Supreme Court by a majority …

WebThe interveners (Aspatra Sdn. Bhd. & 28 Ors.) applied to set aside Mareva injunctions granted ex parte in so far as they affect each of them respectively and Aspatra Sdn. Bhd. applied to discharge the Anton Piller order granted against it. During the hearing of the application, the plaintiffs Counsel filed an affidavit exhibiting fresh evidence. WebASPATRA SDN BHD is a company registered with Suruhanjaya Syarikat Malaysia and and is issued with the registration number 7097-W for its business operation. Companies; A; ASPATRA SDN BHD; Registration No. 7097-W. Name. ASPATRA SDN BHD. Entity Type. Company. Status. EXISTING. SIMILIAR NAME.

WebAs in the case of Aspatra Sdn Bhd & 21 Ors. V. Bank Bumiputra Malaysia Bhd & Anor ,Lorrain Osman is the director of first respondent and the chairman of the board of directors of the second respondent. He was sued by the respondents that he made secret profit in breach of duty as the director of both respondent.

WebJan 7, 2024 · In Aspatra Sdn Bhd v Bank Bumiputra Malaysia Bhd [1988] 1 MLJ 97, where the Supreme Court decided that it was proper to lift the corporate veil due to the fact that … kings arms dorchesterWebBorough Council [1976] 3 All ER 462 (in relation to group of companies); Aspatra Sdn Bhd v Bank Bumiputra Malaysia Bhd [1988] 1 MLJ 97; Smith, Stone & Knight Ltd v Birmingham kings arms emsworth menuWebFind company research, competitor information, contact details & financial data for ASPATRA SDN BHD of KUALA LUMPUR, Kuala Lumpur. Get the latest business … kings arms dorchester telephone numberWebFind company research, competitor information, contact details & financial data for ASPATRA MOTORS SDN. BHD. of PETALING JAYA, Selangor. Get the latest business … luxury toy hauler rv 2021WebTo give effects to the true intention of the parties to an agreement Tay Liang v Hong Say Tee & Ors [1995] 4 MLJ 529 • the plaintiff brought the shareholding of Wato Enterprise … kings arms eccleshall staffordshireWebApr 3, 2024 · The principles set out in Aspatra Sdn Bhd & 21 Others v Bank Bumiputra Malaysia Bhd & Anor [1988] 1 MLJ 97 were adopted when granting the Mareva … kings arms denshaw oldhamWebIn the instantaneous case, the corporate veil having been appropriately lifted and Lorrain having been uncovered that he is the one been transferring all the money to Aspatra … luxury toys classic cars