JUDGMENT

Saheran Suhendran JC:

Introduction

[1] These Grounds concern 2 interrelated Post Winding Up applications.

Background Facts

[2] Seow Siew Kian [NRIC No: 820803-05-5288] and Kon Yeon Guen [NRIC No.: 810715-14-6391] ("Seow & Kon") are the legal and beneficial owners of a house at Lot PT 86736, No.2 Jalan Jade Hills 11/3, Jade Hills, Pekan Kajang, Daerah Ulu Langat, Selangor Darul Ehsan ("the Premises").

[3] CT World Construction Berhad ("CT World") is a construction company and Grade 7 contractor registered with the Construction Industry Development Board.

[4] The background facts are as follows.

(a) In or about November 2019, Seow & Kon engaged CT World Construction for the construction and renovation of the Premises. Initially, Seow & Kon paid RM16,000.00 for architectural services and received from CT World, a preliminary quotation of RM450,000.00. However, the quotation was revised on several occasions, eventually rising to RM650,128.99 by July 2020.

(b) Seow and Kon terminated the contract alleging that CT World failed to obtain the necessary approvals from Majlis Perbandaran Kajang, coupled with significant cost increase.

(c) Although CT World agreed in principle to the terminati