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Monday, February 21, 2011

winding-up should not be a method to arm twist

See IBA Health (I) P Ltd v. Info Drive Systems Sdn Bhd., [2010] 104 SCL 367 (SC)
A company court therefore should be guarded from such vexatious abuse of the process and cannot function as a Debt collecting agency and should not permit a party to unreasonably set the law in motion, especially when the aggrieved party has a remedy elsewhere.

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