TRILLION OSCAR SDN BHD v TIMUR ENTERPRISE SDN BHD PENCELAH Su Ming Jiun

wa-28ncc-1029-11-2024 High Court (Mahkamah Tinggi) 26 March 2025 • WA-28NCC-1029-11/2024 • 22 min read
16 cases cited (0 SG, 16 foreign)

Outcome

For the above reasons, I grant the following orders as sought by the Petitioner: - (i) An order that the Respondent is wound up.

Quoted verbatim from the judgment of High Court (Mahkamah Tinggi) (wa-28ncc-1029-11-2024). Read the full judgment on the official Malaysia Courts portal for the complete decision.

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

Company Law Civil Procedure Equity & Trusts

Judges (1)

Mohd Arief Emran bin Arifin Delivered

Counsel (6)

Cheryl Tay & Partners Firm Shui Tai Firm Cheryl Tay Counsel Intervener Chua Jeung Ru Counsel Petitioner John Wong Counsel Petitioner Liao Jia wen Counsel Intervener

Parties (3)

TIMUR ENTERPRISE Sdn Bhd Respondent TRILLION OSCAR Sdn Bhd Petitioner Su Ming Jiun Intervener

Statutes Cited

Companies Act 2016 (Cap 777)
Courts of Judicature Act 1964 (Cap 91)
Rules of Court 2012

Cases Cited (16)

UK (2)
[1892] 1 Ch 487 [1944] Ch 41
MY (14)
[1990] 3 MLJ 123 [1997] 2 CLJ 548 [1998] 3 MLRH 260 [1998] 6 MLJ 437 [2000] 5 MLJ 657 [2001] 3 CLJ 248 [2001] 6 CLJ 151 [2003] 4 CLJ 1 [2014] 4 MLJ 419 [2014] 7 MLJ 1 [2016] 5 CLJ 922 [2018] MLJU 679 [2020] 9 CLJ 192 [2021] MLJU 1399

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-28ncc-1029-11-2024)