16 Aug 2024
PEMPETISYEN Ong Soo Kwee Loh Realty Sdn Bhd
- Citation
- WA-28NCC-710-07/2023 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-28NCC-710-07/2023 (Mahkamah Tinggi)
The court held that on the facts there was an irretrievable breakdown in mutual trust and confidence among the family shareholders, the petitioner’s substantial shareholding was effectively locked by the company constitution with no practical exit, the prior oppression decision involved a different cause and factual matrix and did not bar the present just and equitable petition, and therefore it was just and equitable to wind up the company; costs were ordered to be paid to the petitioner out of the company’s proceeds.