HIGH COURT MALAYA JOHOR BAHRU
KONG YING KIT – Appellant
Versus
I POWER SDN BHD (ENCLS 1 2 9 & 11) – Respondent
JUDGMENT
(Enclosure 1)
[1] This is a judgment by this Court disallowing the Petitioner's winding up petition under s 465(1)(h) of the Companies Act 1965 on the ground that it is just and equitable for the Respondent company to be wound up, said to arise from a total breakdown of relationship between the Petitioner and the other 3 shareholders of the Respondent Company. The 3 shareholders are Eng Bee Yoke, ("Eng"), Goo Koh Chai ("Chai") who subsequently resigned on 31 March 2023 and Goo Yu Guang ("Guang"). The Petitioner was the founder cum director of the Respondent company and also a shareholder. Mr Chai was also the director of the Respondent company, at the time of incorporation.
[2] Prior to the setting up of the Respondent company, the Petitioner is a director and shareholder of Kongson Electric Supply Sdn Bhd ("Kongson"). Kongson as suggested by the Petitioner, specialized in and has relevant technique in the area of site works to support Busbar Works and 3D Solidworks. The Petitioner is also a stakeholder of IPE Switchboard Sdn Bhd ("IPE"). IPE is a company with experience in manufacturing switchboard and panel. The deponent to the Respondent'
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