29 Jan 2024
BIOCOSLAB MANUFACTURING SDN. BHD 1. ) GOLDEN AFFINITY DEVELOPMENT SDN. BHD 2. ) TAN WAE LENG 3. ) CHENG & CO CORPORATE RECOVERY SDN. BHD.
- Citation
- BA-24NCvC-1558-08/2023 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-24NCvC-1558-08/2023 (Mahkamah Tinggi)
The court dismissed the plaintiff's originating summons and refused to order specific performance because the court accepted that the court‑appointed liquidator was entitled to require and charge verification/remuneration fees where the wound‑up company had no funds and where such fees were a legitimate method to avoid depletion of company assets; the plaintiff was not entitled to compel transfer absent compliance with the liquidator's lawful requirements; defendants' counterclaim was dismissed without costs.