3 Oct 2022
Kwan Will Sen and Pang Huey Lynn for the Liquidator [Messrs Lim Chee Wee Partnership] Tan Eng Kiat and Yap Bing Yew for the Wong Weng Foo & Co. [Messrs Gan, Lee & Tan]
- Citation
- WA-28PW-139-05/2021 & WA-28PW-282-10/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-28PW-139-05/2021 & WA-28PW-282-10/2021 (Mahkamah Tinggi)
Court found the liquidator acted reasonably and lawfully: retention of employees and payments were commercially justified to maximise value and effect a packaged sale; payments and remuneration were validated by a prior Validation Order and within statutory powers; Rule 160 obligation to submit trading account applies only where a committee of inspection exists; any procedural non-compliance with Rule 98 did not cause substantial injustice and is curable; no cause shown to remove the liquidator and appointment of Victor Saw ensures continuity, therefore PW 282 dismissed and PW 139 allowed.