TRILLION OSCAR SDN BHD v TIMUR ENTERPRISE SDN BHD PENCELAH Su Ming Jiun
Catchwords
Company Law — Winding-up — Petition to wind up based on judgment debt and failure to comply with statutory notice of demand — Application to intervene and stay proceedings — Whether intervener has locus standi — Whether shareholder of petitioner has legal interest in respondent — Derivative action against company director irrelevant to winding-up of respondent — Whether injunction prevents director from affirming affidavits or acting for petitioner — Court satisfied respondent insolvent — Petition compliant with Companies Act 2016 and Winding-Up Rules 1972 — Companies Act 2016 ss. 464, 465(1)(e), 466(1)(a), 470 — Companies (Winding-Up) Rules 1972 rule 28, 29, 30 Civil Procedure — Stay of proceedings — Application to stay winding-up petition pending outcome of derivative action — Whether special circumstances exist — Whether applicant has legal or beneficial interest in respondent — Internal company dispute not basis for stay — No disputed debt — Judgment debt remains enforceable — No injunction preventing petitioner from proceeding — Whether balance of convenience favors stay — Court’s discretion under Companies Act 2016 s. 470 and Courts of Judicature Act 1964 s. 25(2), para 11 of Schedule — No abuse of process shown — Application for stay dismissed with costs
Practice Areas
Judges (1)
Case Significance
TRILLION OSCAR SDN BHD v TIMUR ENTERPRISE SDN BHD PENCELAH Su Ming Jiun is a High Court (Mahkamah Tinggi) decision dated March 26, 2025 (citation: wa-28ncc-1029-11-2024). The case was decided by Mohd Arief Emran bin Arifin.
What was the outcome of TRILLION OSCAR SDN BHD v TIMUR ENTERPRISE SDN BHD PENCELAH Su Ming Jiun?
TRILLION OSCAR SDN BHD v TIMUR ENTERPRISE SDN BHD PENCELAH Su Ming Jiun is a High Court decision dated March 26, 2025. The case was heard by Mohd Arief Emran bin Arifin. See the full judgment for details.