17 Aug 2023
PEMPETISYEN CHANG KIAN CHIANG 1. ) METROFAS DEVELOPMENT SDN BHD 2. ) TAN PEK CHU @ TAN PIAK CHIU 3. ) TANG CHEAH WEE 4. ) TANG BOON KEONG
- Citation
- JA-28NCC-140-10/2022 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- JA-28NCC-140-10/2022 (Mahkamah Tinggi)
The petition is dismissed because petitioner failed to prove failure of substratum, unfair or unjust conduct by directors/respondents, or a complete deadlock; the company continued its limited business, the respondent held majority shares making deadlock unlikely, alternative remedies existed (including a share buy-out offer) and the petition was an unreasonable/drastic step.