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1993 MarsdenLR 450

HIGH COURT MALAYA KUALA LUMPUR
CHIEW SZE SUN & ANOR – Appellant
Versus
CAST IRON PRODUCTS SDN BHD & ORS – Respondent


JUDGMENT

Zakaria Mohd Yatim J:

[1] In this petition the petitioners are applying, under s 181 of the Companies Act 1965, for an order in terms of the following prayers:

(a) that the second, third and fourth respondents be removed forthwith as directors of the first respondent;

(b) that an approved company auditor (other than the present auditor of the company) be appointed to examine the accounts and records of the first respondent from the date of incorporation and to prepare proper accounts and a report for the shareholders;

(c) that the second, third, fourth and fifth respondents do pay to the first respondent all sums found to be due and owing by them with interest as appropriate;

(d) that the second, third, fourth and fifth respondents do purchase the shares of the first or second petitioner;

(e) such further or other orders as may be just;

(f) that the petitioners may have liberty to apply; or

(g) alternatively, that the first respondent be wound up.

[2] The grounds upon which the application is made are mismanagement of the affairs of the company that is the first respondent, oppressive conduct and disregard of the interest of the petitioners.

[3] Mr Anantham, Counsel for the petitione

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