16 Jul 2021
Alan Wong and Roger Leong for the Respondent [Messrs Zain Megat & Murad] LAIN-LAIN Aaron Pang for the Petitioner [Messrs Aaron Pang & Co.]
- Citation
- COMPANIES (WINDING UP) NO. WA-28NCC-211-04/2021 (Mahkamah Tinggi)
- Court
- WINDING UP
- Case number
- COMPANIES (WINDING UP) NO. WA-28NCC-211-04/2021 (Mahkamah Tinggi)
The Petition was dismissed because the Sessions Court judgment on which the statutory notice and Petition relied had been set aside on appeal, meaning the Petitioner no longer qualified as a creditor under s464 and therefore lacked locus standi to maintain the winding up petition; alternatively, the Petitioner failed to prove just and equitable grounds given the audited financial statements demonstrating Respondent's solvency (net tax profit RM4,434,552; current assets exceed liabilities).