28 Apr 2023
Abdul Rahman Bin Zainal Baltasar Bin Maskor PIHAK TERKILAN SRI ALAM SDN BHD (In Creditors' Voluntary Liquidation)
- Citation
- WA-28PW-94-02/2022 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-28PW-94-02/2022 (Mahkamah Tinggi)
On the balance of probabilities the joint liquidators demonstrated lack of independence and impartiality (notably by proceeding with the COI meeting of 19.11.2020 without creditor representatives), failed or unduly delayed compliance with court Consent Orders (failure to pursue recovery of significant foreign assets and failure to deposit land compensation as ordered), and thereby 'cause shown' existed under s453(2) to remove them; the court exercised its discretion to remove the joint liquidators and appointed Ralph Ravin Ratnaswamy as liquidator as being in creditors' and contributories' in…