8 Feb 2022
PEMPETISYEN Brenda Chan Qing Wen for the Petitioner (Messrs Meng Wai & Associates) Alfred Vun Yun Fui for the 2nd Respondent (Messrs Davis & Low)
- Citation
- COMPANIES (WINDING-UP) NO. WA-28NCC-709-10/2021 (Mahkamah Tinggi)
- Court
- WINDING-UP
- Case number
- COMPANIES (WINDING-UP) NO. WA-28NCC-709-10/2021 (Mahkamah Tinggi)
The Company was a joint‑venture/quasi‑partnership with equal interests in a single property asset; there was incontrovertible evidence of a breakdown in mutual trust and confidence between the two equal shareholders such that they could not continue to act together for the commercial benefit of the joint venture. Applying s.465(1)(h) and relevant authorities, the court ordered winding up and appointed a qualified liquidator, with remuneration per the winding‑up rules and costs charged to the Company's assets.