3 Oct 2022
WONG WENG FOO & CO LONDON BISCUITS BERHAD (IN LIQUIDATION) PIHAK TERKILAN Jabatan Insolvensi Malaysia
- Citation
- WA-28PW-282-10/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-28PW-282-10/2021 (Mahkamah Tinggi)
The liquidator acted within his statutory powers and commercial judgment to preserve and maximise asset value; retention of employees and payments were justified by the commercial objective of effecting a packaged sale and caused no loss; the Validation Order and relevant rules justify the remuneration and appointments; procedural non-compliance (if any) did not cause substantial injustice and were curable; applicant failed to show cause for removal; therefore PW 282 is dismissed and PW 139 is allowed to appoint Victor Saw as successor liquidator and discharge Lim San Peen.