The High Court says the suit to remove Samy Vellu and trustee Marimuthu must be cleared first.
KUALA LUMPUR: A High Court decision today effectively cancelled both emergency general meetings called by rival trustees of the Maju Institute of Education Development (MIED).
Kuala Lumpur High Court judge Mohamad Ariff Md Yusof dismissed the board of trustees’ application against an order to restrain it from adding new members.
That order was made pending the disposal of a suit by a member of the board, former MIC youth chief SA Vigneswaran, who is seeking the removal of MIED chairman S Samy Vellu and trustee T Marimuthu.
Vigneswaran, along with two other trustees — former MIC deputy president S Subramaniam and Kedah MIC deputy chairman S Ganesan—are accusing Samy Vellu and Marimuthu of negligence resulting in the loss of RM12.5 million from MIED coffers.
They allege that former MIED CEO S Chithirakala took the money.
Vigneswaran also filed a requisition under the companies act for an EGM to be held on April 21. The board of trustees countered this by filing for an April 20 EGM, where it planned to add new members.
In his decision today, Justice Mohammad Ariff said there were serious issues to be tried and that the plaintiff’s claim was neither frivolous nor vexatious.
This means that neither of the two EGMs will take place, no new members can be taken into MIED and no resolution to remove Samy Vellu and Marimuthu can be tabled.
The full trial of Vigneswaran’s suit continues in June.
KUALA LUMPUR: A High Court decision today effectively cancelled both emergency general meetings called by rival trustees of the Maju Institute of Education Development (MIED).Kuala Lumpur High Court judge Mohamad Ariff Md Yusof dismissed the board of trustees’ application against an order to restrain it from adding new members.
That order was made pending the disposal of a suit by a member of the board, former MIC youth chief SA Vigneswaran, who is seeking the removal of MIED chairman S Samy Vellu and trustee T Marimuthu.
Vigneswaran, along with two other trustees — former MIC deputy president S Subramaniam and Kedah MIC deputy chairman S Ganesan—are accusing Samy Vellu and Marimuthu of negligence resulting in the loss of RM12.5 million from MIED coffers.
They allege that former MIED CEO S Chithirakala took the money.
Vigneswaran also filed a requisition under the companies act for an EGM to be held on April 21. The board of trustees countered this by filing for an April 20 EGM, where it planned to add new members.
In his decision today, Justice Mohammad Ariff said there were serious issues to be tried and that the plaintiff’s claim was neither frivolous nor vexatious.
This means that neither of the two EGMs will take place, no new members can be taken into MIED and no resolution to remove Samy Vellu and Marimuthu can be tabled.
The full trial of Vigneswaran’s suit continues in June.
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