When a company is placed in a liquidation/winding-up status, any legal action to be taken shall require sanction from the Liquidator or the Official Receiver as the case may be.
In the case of Lai King Lung & Anor v Merais Sdn Bhd, the sanction from the Liquidator was obtained subsequent to the Court application date and the sanction was stated as to take effect retrospectively.
The Apex Court held that the sanction has no retrospective effect.
Talk to us at +6010 231 9177 to make a better decision.
*Follow us on: Facebook for updates
*Follow us on: Telegram for Updates on Liquidation & Restructuring
*Follow us on: Telegram for updates on Company Secretary
Picture Credit: Freepik.com