18.07.2013 Views

in the court of appeal malaysia (appellate jurisdiction)

in the court of appeal malaysia (appellate jurisdiction)

in the court of appeal malaysia (appellate jurisdiction)

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

As for <strong>the</strong> matter <strong>of</strong> <strong>the</strong> <strong>in</strong>terest, even if it had been resolved it<br />

does not mean <strong>the</strong> end <strong>of</strong> <strong>the</strong> petition because, as said <strong>in</strong> Re<br />

Kong Thai Sawmill (Miri) Sdn Bhd, at p.229:<br />

What is attacked by sub-section (l)(a) is not particular<br />

acts but <strong>the</strong> manner <strong>in</strong> which <strong>the</strong> affairs <strong>of</strong> <strong>the</strong> company<br />

are be<strong>in</strong>g conducted or <strong>the</strong> powers <strong>of</strong> <strong>the</strong> directors<br />

exercised. And <strong>the</strong>se may be held to be “oppressive” or<br />

“<strong>in</strong> disregard” even though a particular objectionable act<br />

may have been remedied. A last m<strong>in</strong>ute correction by <strong>the</strong><br />

majority may well leave open a f<strong>in</strong>d<strong>in</strong>g that, as shown by<br />

its conduct over a period, a firm tendency or propensity<br />

still exists at <strong>the</strong> time <strong>of</strong> <strong>the</strong> proceed<strong>in</strong>gs to oppress <strong>the</strong><br />

m<strong>in</strong>ority or to disregard its <strong>in</strong>terests so call<strong>in</strong>g for remedy<br />

under <strong>the</strong> section.<br />

It bears mention<strong>in</strong>g that before <strong>the</strong> matter <strong>of</strong> <strong>the</strong> <strong>in</strong>terest was<br />

resolved <strong>the</strong> 3 rd Respondent had attempted to expla<strong>in</strong> that<br />

certa<strong>in</strong> <strong>in</strong>terest was not really <strong>in</strong>terest but “3% charged by<br />

Maestro Products Sdn Bhd as commission is actually for freight<br />

charged <strong>in</strong>curred on centraliz<strong>in</strong>g purchas<strong>in</strong>g”. At <strong>the</strong> very least,<br />

that attempted explanation was a clear admission that <strong>the</strong><br />

accounts kept do not reflect <strong>the</strong> actual nature <strong>of</strong> <strong>the</strong> transaction<br />

and surely it is not a behavior that one expects from a jo<strong>in</strong>t<br />

venture partner.<br />

(2) Company pay<strong>in</strong>g salaries <strong>of</strong> three staffs <strong>of</strong> 2 nd Respondent<br />

It is not <strong>in</strong> dispute that <strong>the</strong> Company was made to pay for <strong>the</strong><br />

salaries <strong>of</strong> three staffs who were based <strong>in</strong> <strong>the</strong> <strong>of</strong>fice <strong>of</strong> <strong>the</strong> 2 nd<br />

Respondent <strong>in</strong> Kuala Lumpur total<strong>in</strong>g over RM30,000.00 per<br />

month. The 3 rd Respondent justified it <strong>in</strong> <strong>the</strong>se words:<br />

Q 2002 board meet<strong>in</strong>g, you reported that 3 staff prorata<br />

- P2(265)<br />

A I notice that <strong>the</strong>re were a lot <strong>of</strong> duplication <strong>in</strong> <strong>the</strong><br />

job function <strong>of</strong> all <strong>the</strong> store. For adm<strong>in</strong>istrative<br />

efficiency purpose, consolidated some <strong>of</strong> <strong>the</strong>se<br />

functions for all <strong>the</strong> stores as a means <strong>of</strong> cost<br />

cutt<strong>in</strong>g and adm<strong>in</strong>istrative harmony among <strong>the</strong><br />

46

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!