The court has discretion in appointing liquidators based on the interests of creditors and contributories, as articulated under the Companies (Winding-Up) Rules 1972.

Headnote:The judgment focused on the appointment of a private liquidator in place of the Official Receiver pursuant to the Companies (Winding-Up) Rules 1972. The court found that the applicant had sufficiently demonstrated the general advantage of appointing a private liquidator and addressed the concerns raised by the intervener. Ultimately, the court determined that the urgencies and consent of supporting creditors favored the petitioner’s applications, leading to the ruling in their favor.

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1. objections against liquidator appointments must provide valid grounds. (Para 3)

vi) any further or other relief as the Honourable court may deem fit or proper to grant.

[3] The grounds of the two applications are stated in the affidavit of Lim Man Kwong (encls 53 and 56).