18 Nov 2020
1. ) Jagdesh Singh for the Applicant in Motion 30 [Messrs Mohana Krishnan] 2. ) Wilson Lim for the Applicant in Motion 133 [Messrs Wilson Lim] LAIN-LAIN En Nizam for the Official Receiver (Jabatan Insovensi Malaysia)
- Citation
- POST WINDING-UP NO. WA-28PW-30-01/2020 heard together with POST WINDING-UP NO. 28PW-133-03/2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- POST WINDING-UP NO. WA-28PW-30-01/2020 heard together with POST WINDING-UP NO. 28PW-133-03/2020 (Mahkamah Tinggi)
The court appointed Chan Siew Mei because (1) Chan and her team had undertaken a preliminary investigation and produced a concrete proposed course of action likely to speed up rehabilitation and liquidation of the project; (2) the majority of creditors by number voted in favour of Chan at the creditors' meeting; and (3) SDBB proposed transparent remuneration governed by Table C of the Second Schedule of the Companies (Winding Up) Rules 1972 whereas Spanland was silent on remuneration. These factors, weighed against the court's supervisory role and requirement for impartiality, made Chan's app…