TRANSMILE GROUP BHD & ANOR v. MALAYSIAN TRUSTEE BHD & ORS [2012] 9 CLJ 1071

COUNSEL & SOLICITOR:
For the 1st respondent – Lim Kian Leong (Paul Ngooi with him); M/s Lim Kian Leong & Co

HIGH COURT

COMPANIES AND CORPORATIONS: Schemes of arrangement – Unsecured creditors – Whether better for court to wind up debtor than approve schemes of arrangement – Whether question one of commercial sensibility which scheme creditors were better positioned than court to decide – Whether schemes fair equitable and bona fide