26 Mar 2021
BA-24NCC-17-03/2017 (Mahkamah Tinggi)
- Citation
- BA-24NCC-17-03/2017 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-24NCC-17-03/2017 (Mahkamah Tinggi)
The Plaintiff established oppression under s.346 by showing the company's affairs were conducted oppressively and prejudicially; because the company remained a profitable going concern the appropriate remedy was to order a buy-out under s.346(2)(c) rather than winding up, and the parties are bound by the valuation produced by the court-appointed auditors which determines the buy-out price.