ABRIC PROJECT MANAGEMENT SDN BHD V. PALMSHINE PLAZA SDN BHD & ANOR
- Citation
- ABRIC PROJECT MANAGEMENT SDN BHD V. PALMSHINE PLAZA SDN BHD & ANOR
- Court
- Malaysian court
Leave to sue the liquidator was required and the applicant failed to establish a prima facie case of misconduct, bad faith or that the liquidator acted in a manner no reasonable liquidator could; the liquidator acted within statutory powers under s.236(2)(c) with HSBC's consent, defects in security were curable and later regularised, the purchaser paid valuable consideration and was bona fide, the applicant delayed unreasonably, and the balance of justice precluded setting aside the sale; accordingly the motion was dismissed with costs.