KUALA LUMPUR, June 14 — The Maju Institute of Educational Development (MIED) can now go ahead and sue its chairman and eight trustees for alleged mismanagement, resulting in financial losses.
High Court Judicial Commissioner Mah Weng Kwai allowed ex-MIC Youth chief A. Vigneswaran’s application to name MIED as the plaintiff in his proposed suit.
Vigneswaran, who is an MIED member, had sought leave under Section 181A of the Companies Act 1965, which stipulates that parties that want to be named on behalf of the company as plaintiff in a suit can only institute it with the leave of the court.
On April 14, the court rejected the MIED’s preliminary objection to Vigneswaran’s application for leave to commence the suit.
His counsel, A. Vasanthi, told reporters that the court allowed Vigneswaran’s application on the grounds that there was a prima facie case against the MIED’s trustees and other wrongdoers.
She said her client had 30 days to file the writ of summons.
In his proposed suit, Vigneswaran named the MIED as the plaintiff and its chairman and eight trustees as the defendants. — Bernama
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