JUDGMENT

Saheran Suhendran JC:

[1] These Grounds concern the following applications for the appointment of a private liquidator ("the PL") pursuant to s 477 of the Companies Act 2016 ("CA 2016").

a. Encl 1: MMM Group Berhad (formerly known as Asia Media Group Berhad) (Company No.: 813137-V) ("Applicant or MMM") filed an application dated 14 June 2024 to appoint Andrew Heng and Ashvin Mahendran ("Applicant's Nominees") as the private liquidators of Asia Media Sdn Bhd ("AMSB"). AMSB was at all material times, a wholly owned subsidiary MMM;

b. Encl 11: Peakmax Sdn Bhd's ("Peakmax") filed an application dated 27 November 2024 to appoint Tee Siew Kai ("Peakmax's Nominee") as the private liquidator of AMSB.

Background Facts

[2] Pursuant to a winding-up petition presented by Plisch Broadcast Asia Pacific Pte Ltd ("Plisch"), a creditor of AMSB, a winding-up order was granted against AMSB on 9 April 2021. The Official Receiver ("OR") was appointed as the liquidator of AMSB.

[3] Only three (3) creditors, including Plisch, have lodged proofs of debt ("PODs") with the OR, namely:

[4] On 14 June 2024, the applicant filed Encl 1 nominating the Applicant's Nominees to be appointed as liquidators of AMSB.