3 Oct 2022
Kwan Will Sen and Pang Huey Lynn for the Liquidator [Messrs Lim Chee Wee Partnership] Tan Eng Kiat and Yap Bing Yew for the Wong Weng Foo & Co. [Messrs Gan, Lee & Tan]
- Citation
- WA-28PW-139-05/2021 & WA-28PW-282-10/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-28PW-139-05/2021 & WA-28PW-282-10/2021 (Mahkamah Tinggi)
The court found the liquidator acted reasonably and within statutory and court-authorised powers: retention of employees and payments were commercially justified to maximise value and enabled a packaged sale; remuneration and payments were sanctioned by a prior Validation Order and schedule; breaches or delays in procedural rules were either inapplicable (no COI) or directory and curable without substantial injustice; no real conflict or personal unfitness proven to justify removal, and continuity favored appointment of Victor Saw.