The High Court in Melaka ordered the official receiver to report by Friday the steps taken to secure the company's property and any obstacle encountered.PETALING JAYA: The High Court in Melaka has ordered an official receiver to explain why he failed to take control of a company's assets for nearly three months after it was wound up, despite records showing it had about RM8.7 million in fixed deposits.
Judicial Commissioner K Raja Segaran said the official receiver had a statutory duty to safeguard Sung Hock Chan Sdn Bhd's assets following the winding-up order on July 15, 2026, and could not withhold action over procedural objections.
It found that no steps were taken to secure the company's property between July 15 and Oct 13, during which the company continued operating under the sole control of one shareholder.
