WANGSINI SDN BHD V
- Citation
- WANGSINI SDN BHD V
- Court
- Malaysian court
The petition was dismissed: the sanctioned s.176 scheme bound the petitioner and limited its entitlement to the deposit refund under the scheme; the statutory demand was fatally defective because it included interest barred by Limitation Act s.6(3); the debt was bona fide disputed and the petition was oppressive and an abuse of process, therefore the statutory prerequisites for winding‑up under s.218 were not satisfied.