27 May 2025
PEMPETISYEN 1. ) Globalmariner Offshore Services Sdn Bhd 2. ) BOOMSLANG TECHNOLOGY SDN. BHD. 3. ) Dynac Sdn Bhd 1. ) TH HEAVY ENGINEERING BERHAD (DALAM PENGGULUNGAN) 2. ) TH HEAVY ENGINEERING BERHAD PIHAK TERKILAN 1. ) STAR KRIS SERVICES SD
- Citation
- WA-28NCC-175-02/2024 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-28NCC-175-02/2024 (Mahkamah Tinggi)
The voluntary winding up of TH Heavy Engineering Berhad could not be continued with due regard to the interests of creditors because of procedural breaches, conflicts of interest of interim liquidators, suspicious pre-liquidation transactions and the demonstrable need for independent investigation; petitioners representing the majority of independent creditor value supported conversion and their nominated liquidators were fit and suitable, so the court ordered conversion to compulsory winding up and appointed the petitioners' nominees as joint and several liquidators.