1. ) BOOMSLANG TECHNOLOGY SDN. BHD. (dahulunya dikenali sebagai Blackstone Technology Sdn Bhd) 2. ) Dynac Sdn Bhd v THHE Fabricators Sdn Bhd PIHAK TERKILAN 1. ) ELITE VENTURES SDN BHD 2. ) EV OILFIELD SUPPLY & SERVICES SDN BHD 3. ) PASIFIK CEKAP SDN BHD 4. ) MBSB BANK BERHAD 5. ) URUSHARTA JAMAAH SDN BHD

wa-28ncc-147-02-2024 High Court (Mahkamah Tinggi) 20 January 2026 • WA-28NCC-147-02/2024 • 22 min read

6 cases cited (3 SG, 3 foreign)

Catchwords

KEYWORD BOOMSLANG -Originating Summons- Application for the conversion of a Members Voluntary Winding Up to a Compulsory Winding Up- section 464(1), read together with section 464(2)(d) and section 465(1) of the Companies Act 2016 - Members’ Voluntary Liquidation of THHE Fabricators Sdn Bhd, into a winding-up ordered by the Court, and to facilitate the appointment of independent liquidators- statutory scheme of arrangement to settle their debts with their creditors- wrongfully compartmentalise and barricade valuable assets- shielding assets from independent creditors- appoint liquidators who are conflicted and unlikely to conduct an impartial review- Court’s intervention to convert the winding-up into a court-ordered process and to appoint independent liquidators- The auditors disclaimers citing deficiencies in bookkeeping and supporting documentation.

Judges (1)

Shoba Rajah a/p Dorai Rajah Delivered

Counsel (18)

Alvin Tang Law Office Firm Chellaw Wong Firm Joyce Pang Firm Mathews Hun Lachimanan Firm Shaikh David & Co Firm Alvin Tang Counsel Intervener Chin Wui Imm Counsel Intervener David Mathews Counsel Petitioner Eldarius Yong Zhen Jie Counsel Respondent Elouise Lim Yee Counsel Respondent Jasman Arisa bt Ahmad Mirza Counsel Intervener Joyce Pang Counsel Intervener Koh Jo Vin Counsel Petitioner Lai Ann Xing Counsel Petitioner Mark Ho Hing Kheong Counsel Respondent Olivia Loh Counsel Petitioner Teo Ju Ling Counsel Intervener Venkat Ram V K Dasaratharaj Counsel Respondent

Parties (8)

BOOMSLANG TECHNOLOGY Sdn Bhd Petitioner Dynac Sdn Bhd Petitioner ELITE VENTURES Sdn Bhd Aggrieved Party EV OILFIELD SUPPLY & SERVICES Sdn Bhd Aggrieved Party MBSB BANK BERHAD Aggrieved Party PASIFIK CEKAP Sdn Bhd Aggrieved Party THHE Fabricators Sdn Bhd Respondent URUSHARTA JAMAAH Sdn Bhd Aggrieved Party

Statutes Cited

Companies Act 2016 (Cap 777)

Cases Cited (6)

SG (1)

[2007] SGHC 36

SLR (2)

[2004] 1 SLR(R) 671 [2018] 3 SLR 687

UK (2)

[1956] 1 WLR 57 [1965] 1 WLR 909

HK (1)

[2024] 1 HKC 284

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-28ncc-147-02-2024)