21 Jan 2020
GOLDEN AFFINITY DEVELOPMENT SDN. BHD. (IN LIQUIDATION) 1. LIM YOK WAH (I/C NO: 470214-08-5537) 2. LIM BOON KANG (I/C NO: 730911-14-5273) 3. SEE KOK SENG (I/C NO: 730511-10-5707) 4. LEW HAW HANN (I/C NO: 731001-10-6325) 5. ES ENG SOON HOLDIN
- Citation
- WA-22NCC-472-08/2019 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-472-08/2019 (Mahkamah Tinggi)
Court refused leave to intervene because the Proposed Intervener, as an unsecured creditor, failed to show intervention was necessary and its intervention would materially risk frustrating a bona fide, evidenced scheme of arrangement under s366 which served wider public and creditor interests; balancing of interests favoured allowing the scheme to proceed and upholding the restraining order rather than permitting the winding up to continue.