24 May 2022
WA-28NCC-611-09/2021 (Mahkamah Tinggi)
- Citation
- WA-28NCC-611-09/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-28NCC-611-09/2021 (Mahkamah Tinggi)
The court found on the facts that the company had ceased operating its sole business since January 2019 and had therefore suspended business for well over a year; there was an irretrievable breakdown of mutual trust and confidence between joint-venturers and evidence of mismanagement by the majority controller. Those facts satisfied both s.465(1)(c) and the just and equitable ground under s.465(1)(h), warranting winding-up. The court dismissed allegations of collusion, lifting the veil and objections to the nominated liquidator based on historical misconduct, and held the nominated liquidator…