P. Ponnamal a/p Ponniah & Ors v Goh Hwan Hua & Ors

The plaintiffs, investors, filed a suit against the defendants for the return of sums paid under subscription and financing agreements, alleging that the defendants operated as a single economic unit and engaged in illegal deposit-taking. The court dismissed the defendants' applications to strike out the claim and allowed a discovery application for bank account statements. The plaintiffs' application for a Mareva injunction was dismissed due to insufficient evidence of asset dissipation risk.