JUDGMENT

Mary Lim Thiam Suan JCA:

[1] On 17 August 2017, the High Court ordered Wisma Rakyat Holdings Sdn Bhd [Wisma Rakyat], the 3rd defendant before the High Court, to be wound up. The appellants before us who were the 1st and 2nd defendants were dissatisfied with that decision; hence, the appeal. After considering the submissions of respective counsel, and upon proper consideration of the learned judge's reasons for making that order, and the appeal records, we unanimously dismissed the appeal, finding that there was no basis for appellate intervention.

The 181 Petition

[2] The parties before us were directors and shareholders in Wisma Rakyat, the 3rd defendant at the High Court. The nature of Wisma Rakyat's business is described in the records of the Companies Commission of Malaysia as "operation of a supermarket chain and retail store selling a broad range of goods ranging from clothing, food, household goods and other merchandise. It operates the "Rakyat Superstore" its flagship supermarket cum departmental store and six smaller branches that sell household goods, clothing, mobile prepaid preloads and other merchandise in Keningau. In addition, it also operates nine "Pasar Rakyat