Perunding AC Dan Rakan Sendirian Berhad v M101 Entity Sdn Bhd

The High Court of Malaya at Kuala Lumpur heard a winding-up petition filed by Perunding AC Dan Rakan Sendirian Berhad against M101 Entity Sdn Bhd under sections 465(1)(e) and 466(1) of the Companies Act 2016. The petition was based on an adjudication decision for RM1,791,231.39. Several supporting creditors intervened, with three applying to appoint Ralph Ravin Rantnasamy as liquidator. The court granted the winding-up order and appointed Rantnasamy as liquidator, considering the substantial debts owed to supporting creditors totaling RM46.75 million compared to the petitioner's RM2 million claim.