Marina bte Mohd Yusoff v Pekeliling Triangle Sdn Bhd (receiver and manager appointed) (and 3 Other Appeals) [2008] 1 AMR 687 [COA] Marina bte Mohd Yusoff ("MY"), as a shareholder, has no legal right to any item of property owned by Pekeliling Triangle Sdn Bhd ("PTSB") other than a share in the profits while the company continue to carry out business. PTSB as the registered proprietor has priority of interest on the property over MY who is only a shareholder. By virtue of Sections 60 and 72 of the Pengurusan Danaharta Nasional Berhad Act, 1998 ("the Act"), the court is precluded from granting any injunction or other restraining orders against Pengurusan Danaharta Nasional Berhad ("the corporation") or Danaharta Urus Sdn Bhd ("Danaharta Urus") (a subsidiary of the corporation). Apart from the test whether there is a likelihood of a successful appeal being rendered nugatory, the principle governing the grant of an interlocutory injunc...
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