24 Jul 2024
WONG WENG FOO & CO LONDON BISCUITS BERHAD (IN LIQUIDATION) PENCELAH 1. ) ALLIANCE BANK MALAYSIA BERHAD 2. ) UNITED OVERSEAS BANK (MALAYSIA) BERHAD 3. ) HSBC BANK MALAYSIA BERHAD PIHAK TERKILAN 1. ) Lim San Peen 2. ) GABRIEL TEO CHUN 3. ) VI
- Citation
- W-02(A)-1992-10/2022 (Mahkamah Rayuan)
- Court
- A
- Case number
- W-02(A)-1992-10/2022 (Mahkamah Rayuan)
Enclosure 48 was incompetent and dismissed because Victor, as one of two court-appointed joint liquidators, lacked locus standi to act unilaterally; joint liquidators must act together; residuary powers post-winding up belong to the board and are not to be extended to enable a single co-liquidator to bypass the co-liquidator or proper procedural channels; consequently the stay prayed was refused.