15 Jan 2025
V.S. Industry Berhad 1. ) Lim Chang Huat 2. ) Lim Chee Kon 3. ) Chow Chun Pooi @ Chow Chan Leong 4. ) NEP Holdings (Malaysia) Berhad
- Citation
- WA-24NCC-400-07/2023 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCC-400-07/2023 (Mahkamah Tinggi)
The plaintiff proved a sustained course of conduct—failure to convene board meetings or AGMs, failure to furnish audited accounts post-2020, refusal to declare dividends and obstruction despite court inspection orders—that amounted to oppression/disregard under s.346 CA 2016; given NEP's status as a holding company, the absence of reliable financial information and practical difficulty in valuing shares, winding-up with appointment of private liquidators was the appropriate remedy to investigate affairs and protect minority interests.