Tseng, Kuan Yu v 1. ) VEO INDUSTRIAL SDN. BHD. 2. ) LAM, YEE MING PAUL 3. ) TAN NIEN CHING 4. ) JIANG, NINGWEN

pa-28ncc-114-07-2025 High Court (Mahkamah Tinggi) 26 March 2026 • PA-28NCC-114-07/2025

Catchwords

s.472 of the Companies Act, 2016 (CA 2016) – ad interim order sought for immediate utilisation and validation of use of bank accounts maintained by the company with bank for purposes of day-to-day operations, payment of wages, trade suppliers and continued maintenance of business pending the disposal of the substantive winding up petition – legal principles on the disposition of property of the company under s.472 of the CA 2016 - whether the dispositions sought to be validated are bona fide, just and fair, and/or beneficial to the general body of creditors

Judges (1)

Wendy Ooi Su Ghee Delivered

Parties (5)

VEO Industrial Sdn Bhd Respondent Jiang, Ningwen Respondent Lam, Yee Ming Paul Respondent Tan Nien Ching Respondent Tseng, Kuan Yu Petitioner

Judgment

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Source: eJudgment (pa-28ncc-114-07-2025)