TEO WEI KIAN v ON TOUR (M) SDN. BHD
Catchwords
Keywords Teo Wei Kian v. On Tour (M) Sdn Bhd [k.1] bth 2.7.2026 Companies – Winding up – Just and equitable ground – Quasi-partnership – Breakdown of mutual trust and confidence – Alleged deadlock – Exclusion from management – Solvent company – Remedy of last resort – Availability of alternative remedy – Oppression remedy – Share buy-out – Whether winding-up appropriate – Companies Act 2016, ss 346, 347, 439(1)(b), 464, 465(1)(h). Companies – Winding up – Just and equitable ground – Deadlock – Meaning of deadlock – Company continuing to trade – Distinction between deadlock and exclusion from management – Whether substratum failed. Companies – Winding up – Discretion – Solvent company – Equitable jurisdiction – Alternative statutory remedies – Compulsory winding-up refused. Companies – Oppression – Exclusion from management – Buy-out remedy – Adequate alternative remedy – Companies Act 2016, s 346. Companies – Derivative proceedings – Alleged misappropriation of company assets – Proper plaintiff rule – Companies Act 2016, s 347. Practice and Procedure – Companies (Winding-Up) Rules 1972 – Procedural compliance – Petition – Verification – Advertisement – Gazette – Rule 29(2) statement – Rule 32(1) Registrar’s certificate – Drafting irregularities – Effect of procedural defects.
Judges (1)
Parties (2)
Judgment
Read the full judgment on the official Malaysia Courts portal.
Read on eJudgmentSource: eJudgment (ma-28ncc-25-05-2026)