SHAH ALAM (Jan 21): The High Court on Wednesday allowed a petition by two companies for the compulsory winding-up of THHE Fabricators Sdn Bhd, a subsidiary of delisted TH Heavy Engineering Bhd (THHE).
Judicial Commissioner D Shoba Rajah, however, also allowed an interim stay of the decision pending the filing of a notice of appeal by the liquidators of THHE Fabricators within seven days.
The liquidators’ lawyer, Mark Ho Hing Kheong, had initially sought a 14-day stay but this was objected to by counsel for the two companies David Thomas Matthew, who argued that the case had been going on for a long time.
Ho noted that a failure to file the appeal would result in the winding-up, as well as the process to appoint independent…