19 Nov 2023
KONG LI JER KONG SUN ENTERPRISE SDN BHD
- Citation
- JA-28PW-99-11/2023 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- JA-28PW-99-11/2023 (Mahkamah Tinggi)
The court dismissed the applicant's application for stay and termination of the winding-up because the applicant failed to discharge the burden of proof: no satisfactory evidence of solvency (no recent audited accounts), failure to comply with service requirements and Companies (Winding Up) Rules 1972, failure to obtain liquidator's sanction and failure to furnish the statement of affairs as required by s.484; public interest and commercial morality favor maintaining the winding-up and refusing the application.