asiavest merchant bankers m berhad vs ca and pncc

7/25/2019 Asiavest Merchant Bankers m Berhad vs CA and Pncc

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ASIAVEST MERCHANT BANKERS (M) BERHAD vs CA and PNCCG.R. No. 110263 !"#$ 20 2001

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P''on* s a &o*+o*a'on o*,an-d "nd* ' #a/s o Ma#a$sa /# +*va'

*s+ondn* P#++n Na'ona# Cons'*"&'on Co*+o*a'on s a &o*+o*a'on d"#$n&o*+o*a'd and s'n, "nd* P#++n a/s. P''on* n'a'd a s"' o*&o##&'on a,ans' +*va' *s+ondn' 'n no/n as Cons'*"&'on andDv#o+4n' Co*+o*a'on o ' P#++ns 5o* ' , &o"*' o Ma#a$sa nK"a#a "4+"* n''#d Asavs' M*&an' Ban*s (M) B*ad v. Asavs' CDCPSdn. Bd. and Cons'*"&'on and Dv#o+4n' Co*+o*a'on o ' P#++ns.

P''on* 'n so",' 'o *&ov* ' nd4n'$ o ' +*o*4an& 5ond 'ad +"' "+ n avo"* o +*va' *s+ondn' 'o ,"a*an' ' &o4+#'on o ' %#daP*o7&' and non8+a$4n' o ' #oan 'o 'nd 'o Asavs'8CDCP Sdn. Bd. o* '&o4+#'on o Pa#o Hana and K"an'an B$ Pass P*o7&'.

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*n +*va' *s+ondn' "nd* ' ao*sad 7"d,4n' +''on* 'n 9#d a&o4+#an' 5o* ' RTC o Pas, M'*o Man#a o* no*&4n' o 7"d,4n' o' H, Co"*' o Ma#a$sa.

P*va' *s+ondn' n *'"*n so",' ' ds4ssa# o ' &as va a Mo'on 'oDs4ss &on'ndn, 'a' ' a##,d 7"d,4n' o ' Ma#a$san H, Co"*' so"#d5 dnd *&o,n'on and no*&4n' sn& ' s 'an'd /' /an' o 7"*sd&'onon 's a& no'& 'o +*va' *s+ondn' &o##"son as /## as *a"d and '* s aa* 4s'a o #a/ o* a&'. T sad Mo'on /as dnd o* ' ,*o"nd a##,d'*/' a* no' on o 'os +*ovdd "nd* R"# 16 o ' Rvsd R"#s o Co"*'.

P*va' Rs+ondn' 'n 9#d an ans/* /' &o4+"#so*$ &o"n'*a4s and*asd ' ,*o"nds 'a' /* 5*o",' "+ n '* +*vo"s#$ 9# Mo'on 'o Ds4ss.

T P''on* on ' o'* and &on'ndd n 's R+#$ 'a' ' H, Co"*' oMa#a$sa a&:"*d 7"*sd&'on ov* ' +*son o +*va' *s+ondn' 5$ 's vo#"n'a*$s"54sson 'o 's 7"*sd&'on '*o", 's a++on'd &o"ns#. %"*'*4o* +*va'*s+ondn';s &o"ns# /avd an$ and a## o'* o57&'ons 'o ' o*4*;s 7"*sd&'onn a +#adn, 9#d 5o* ' &o"*'.

T '*a# &o"*' ds4ssd ' +''on*;s &o4+#an'. P''on* 9#d an a++a#5o* ' CA /& ds4ssd ' sa4 a


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&as a va#d 7"d,4n' *nd*d 5$ a o*,n '*5"na# 4a$ 5 *&o,n-d n so a*as ' 44da' +a*'s and "nd*#$n, &a"ss o a &'on a* &on&*nd as #on, as' s &onvn&n,#$ so/n 'a' '* as 5n an o++o*'"n'$ o* a "## and a*a*n, 5o* a &o"*' o &o4+'n' 7"*sd&'on and 'a' ' '*a# n *,"#a*+*o&dn,s as 5n &ond"&'d o##o/n, d" &'a'on o* vo#"n'a*$ a++a*an& o' dndan' and "nd* a s$s'4 o 7"*s+*"dn& ##$ 'o s&"* an 4+a*'a#

ad4ns'*a'on o 7"s'& and 'a' '* s no'n, 'o nd&a' '* a +*7"d& n&o"*' and n ' s$s'4 o #a/s "nd* /& ' s s''n, o* *a"d n +*o&"*n,

7"d,4n'. A o*,n 7"d,4n' s +*s"4d 'o 5 va#d and 5ndn, n ' &o"n'*$*o4 /& ' &o4s "n#ss +*ovn o'*/s 5as on ' +*s"4+'on o *,"#a*'$o +*o&dn,s and ' ,vn, o d" no'& n ' o*,n o*"4 "nd* s&'on@0(5) R"# 3 o ' Rvsd R"#s o Co"*' /& /as ' ,ov*nn, #a/ a' ''4 ' ns'an' &as /as d&dd 5$ ' '*a# &o"*' and ' *s+ondn' a++##a'&o"*' a 7"d,4n' a,ans' a +*son o a '*5"na# o a o*,n &o"n'*$ avn,

7"*sd&'on 'o +*ono"n& ' sa4 s +*s"4+'v vdn& o a *,' as 5'/n' +a*'s and '* s"&&sso*s n n'*s' 5$ a s"5s:"n' ''#. T 7"d,4n'4a$ o/v* 5 assa#d 5$ +*oo o /an' o* #a& o 7"*sd&'on /an' o no'& 'o' +a*'$ &o##"son *a"d o* a* 4s'a o #a/ o* a&'. In add'on "nd* S&'on

3 (n) R"# 131 o ' Rvsd R"#s o Co"*' A &o"*'8/'* n ' P#++ns o*#s/* n7o$s ' +*s"4+'on 'a' ' /as a&'n, n ' #a/"# *&s o 's

7"*sd&'on. Hn& on& ' a"'n'&'$ o ' o*,n 7"d,4n' s +*ovd '+a*'$ :"s'onn, ' sa4 s 'asd /' ' 5"*dn o +*s"4+'v va#d'$.

In 's &as +''on* s'a5#sd ' s'n& o ' 4on$ 7"d,4n' o' H, Co"*' o Ma#a$sa /' ' vdn& ' +*sn'd. P''on*;s so# /'nss's'9d 'o ' ?&' 'a' s n a&'v +*a&'& o ' #a/ n Ma#a$sa and 'a' /as &onn&'d /' S*n and Co4+an$ as a ,a# Asss'an' "+'o ' $a* 11and 'a' +*va' *s+ondn' /as s"d 5$ s n' Asavs' M*&an' Ban*s nK"a#a "4+"* 'a' ' /*' o s"44ons /* s*vd on Ma*& 1 13 a' '*,s'*d o


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asiavest merchant bankers m berhad vs ca and pncc

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