23 Dec 2024
GOLDEN PALM GROWERS BERHAD MTRUSTEE BERHAD PENCELAH 1. ) Ling Ngong Hiang (Menyaman Dalam Kapasitinya Sendiri Dan Sebagai Wakil Bagi Penanam-penanam Dalam Senarai Yang Dilampirkan Dalam Kandungan 12 Di Mahkamah Tinggi) 2. ) LING NGONG HIANG
- Citation
- WA-24NCC-369-07/2019 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCC-369-07/2019 (Mahkamah Tinggi)
Court held that only creditors whose debts are costs and expenses incurred in relation to the sale (from the winding up order to completion) are Scheme Creditors and may be paid from Sale Proceeds; the specified disputed creditors (employee salary claims and the Duplex Fame loan, and pre‑winding KPMG tax fees) are excluded; the Register of Growers (not summary documents) governs plot ownership and GPGB was recorded as holding only 5 Grower Plots and thus GPGB is not entitled to refund because it did not pay Grower Fees and was not entitled to Net Yield; Net Sale Proceeds (after approved costs…