COUNSEL & SOLICITOR:
Lim Kian Leong (Low Chin Cheng with him) (Lim Kian Leong) for the respondents.
High Court
Companies and Corporations – Winding up – Just and equitable grounds – Stand off between major shareholders – Breakdown in relationship of mutual trust and confidence – Exercise of court’s inherent jurisdiction to strike out petition – Petitioner showed careless disregard of interests of shareholders, whether amounted to bad faith – Petitioners involved in active management of company, whether oppression against petitioners proved – Companies Act 1965 s 218(1)(i)