5 Oct 2022
1. ) Datuk Sri Wong Kie Yik 2. ) Wong Kie Chie 1. ) KATHRYN MA WAI FONG 2. ) WTK REALTY SDN BHD
- Citation
- Q-02(NCvC)(A)-2490-12/2017 (Mahkamah Rayuan)
- Court
- NCvC
- Case number
- Q-02(NCvC)(A)-2490-12/2017 (Mahkamah Rayuan)
On the proven facts the Court of Appeal upheld the High Court: WTK Realty is a family company operated on mutual trust and confidence which, following the death of the founder, suffered an irretrievable breakdown between the factions; the 'just and equitable' ground under s465(1)(h) is not limited to quasi‑partnerships and may be applied to family companies where equity requires it; profitability and absence of technical deadlock did not preclude winding up; appointment of the nominated liquidator was within the court's discretion and not shown to be conflicted, therefore the winding‑up order…