30 May 2025
1. ) ELAINE GAY CHOW SONG 2. ) KWAN HUNG CHEONG 1. ) ZUNG ZANG HOLDINGS SDN BHD 2. ) WONG NYUK CHING 3. ) KWAN PHUI HA 4. ) SEBASTIAN KWAN KUAY TAT 5. ) ZUNG ZANG TRADING SDN. BHD. BUKAN PIHAK-PIHAK Suruhanjaya Syarikat Malaysia (SSM)
- Citation
- WA-24NCC-237-05/2025 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCC-237-05/2025 (Mahkamah Tinggi)
The ex parte Order dated 7.5.2025 was procedurally improper because Order 30 and Section 376 of the Companies Act require inter partes appointment of a Receiver and Manager with notice to the company; alternatively, the injunctive components of the ex parte order lapsed by operation of Order 29 Rule 1(2B) and by the return date; accordingly the ex parte appointment had lapsed and the Plaintiffs' application for an ad interim order to continue the R&M was dismissed as the balance of convenience favoured refusal and reasonable undertakings by the Defendants provided adequate protection.