KUALA LUMPUR:
The High Court has ruled that the former directors of TH Heavy Engineering Bhd (THHE) had no legal standing to oppose a petition brought by three creditors to convert the company’s voluntary liquidation (CVL) into a court-ordered winding-up.
Three THHE directors, led by Jauhari Hamidi, had asked the court to declare that they retained residual powers—both individually and collectively—to oppose the winding-up petition filed by Global Mariner Offshore Services Sdn Bhd and two other creditors.
Justice Atan Mustaffa Yussof Ahmad, however,…