2 Feb 2024
1. ) Globalmariner Offshore Services Sdn Bhd 2. ) Blackstone Technology Sdn Bhd 3. ) Dynac Sdn Bhd 1. ) TH HEAVY ENGINEERING BERHAD 2. ) ANDREW HENG 3. ) Ashvin Mahendran
- Citation
- WA-24NCC-574-10/2023 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCC-574-10/2023 (Mahkamah Tinggi)
The court granted leave to commence proceedings for the compulsory winding up of TH Heavy Engineering Berhad and THHE Fabricators Sdn Bhd because evidence demonstrated that the voluntary winding up processes could not be continued with due regard to the interests of creditors: material non-disclosure, suspicious timing of asset encumbrances and inter-company transactions, procedural irregularities at the creditors' meeting, and the chosen liquidators' prior involvement with the companies created real conflicts undermining confidence in an independent investigation; therefore compulsory windin…