27 Jun 2023
AURORA INDUSTRIES SDN BHD 1. ) KLANGGROUP HOLDINGS SDN BHD 2. ) ONG KWEE LEE 3. ) GAN THIAM KOK 4. ) GOLDEN VALLEY INDUSTRIES SDN BHD
- Citation
- BA-22NCvC-152-04/2023 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-22NCvC-152-04/2023 (Mahkamah Tinggi)
The stay was granted because there is clear commonality of parties, facts and overlapping issues between the writ action and the winding up petition; s470 CA 2016 empowers the court to stay pending winding up to protect proper administration, avoid multiplicity and preserve parity among creditors; the defendants satisfied the applicable threshold and the application was bona fide and not merely for delay.