RIMBUN’s Corporate Recovery team specializes in insolvency practice.

Our team is dedicated to ensuring that corporate recovery exercises are successfully completed through the effective and efficient realization of assets for the benefit of affected stakeholders.

RIMBUN’s Corporate Recovery Services spans the entire spectrum – from investigating books and records to ascertain the movement of funds and assets and to assist creditors and purchasers to navigate through the recovery process as well as through the regulatory, legal and financial requirements.

RIMBUN’s systems and processes are designed to consistently deliver unparalleled level of services and benefits for the benefits of stakeholders.

RIMBUN’s team specializes in the following Corporate Recovery Services:



    • Members Voluntary Winding-Up
    • Creditors Voluntary Winding-Up
    • Compulsory Winding-Up (Court Winding Up)
    • Receivership
    • Rehabilitating Consultant

CURRENT PORTFOLIOS

 Liquidation



  • Azbana Development S/B (ADSB)

    Kemaman Centre Point

    Background




    Winding up date : 11 June 2002


    Liquidator : Sundarasan Arumugam


    Date of Appointment : 5 August 2008

    Project Undertaken by “ADSB”




    Name of project : Kemaman Centre Point


    Location : The project is built on land held under Master Title PM 1604 Lot No 12338, Mukim Cukai, Daerah of Kemaman, Negeri Terengganu


    Land Proprietor : Majlis Daerah Kemaman


    Description of project : Five (5) storey shopping complex comprising ofthree hundred and four (304) retail units and two (2) storey basement car park.


  • Binanusa Sdn Bhd (BSB)


    Background




    Winding up date : 17 May 2010


    Liquidator : Sundarasan Arumugam


    Date of Appointment : 17 May 2010

    Project Undertaken by “BSB”




    Name of project : Taman Terubong Jaya, Berjaya Court, Desa Aman


    Location :
    (Taman Terubong Jaya – Low Cost)
    The project is built on lands held under PN 2367 Lot No. 8820, PN 2368 Lot No. 8822, PN 2365 Lot 8818 and PN 2253 Lot 8813, Mukim 13, Daerah Timur Laut, Negeri Pulau Pinang
    (Taman Terubong Jaya – Medium Cost)
    The project is built on lands held under PN 6891 Lot 11512 and PN 2366, Lot 8819, Mukim 13, Daerah Timur Laut, Negeri Pulau Pinang


    Berjaya Court
    The project is built on land held under Geran 61122, Lot 2650, Bandar Georgetown, Daerah Timur Laut, Negeri Pulau Pinang
    Desa Aman
    The project is built on land held under GM 2805 Lot 10241, GM 2808 Lot 10243, GM 2809 Lot 10245, GM 336 Lot 1658 and GM 338 Lot 1662 Mukim 13, Tempat Relau, Daerah Timur Laut, Negeri Pulau Pinang


    Land Proprietor :
    Taman Terubong Jaya – Penang State Secretary
    Berjaya Court – Perbadanan Kemajuan Negeri Kedah
    Desa Aman – Geam Chun Lai and 9 others (Power of Attorney held by Dexon Development Sdn. Bhd.)


    Description of project :
    (Taman Terubong Jaya – Low Cost)
    Fifteen (15) blocks of five (5) storey low cost apartments comprising of one thousand four hundred twelve units
    (Taman Terubong Jaya – Medium Cost)
    Three (3) blocks of sixteen (16) storey apartments and two (2) blocks of seventeen (17) storey apartments comprising of one thousand one hundred sixty six units


    Berjaya Court
    One (1) block of nine (9) storey condominium comprising of sixty four (64) units


    Desa Aman
    Two (2) blocks of ten (10) storey and twenty (20) storey medium low cost apartments comprising of 392 units


  • Brisdale Holdings S/B (BHSB)

    Bandar Armada Putra

    Background




    Winding up date : 25 September 2008


    Liquidator : Sundarasan Arumugam


    Date of Appointment : 31 March 2010

    Project Undertaken by “BHSB”




    Name of project : Bandar Armada Putra (Formerly known as West Port Tech Zone)


    Location : Mixed Development land identified as PN 7361 Lot 67701 and PN 7362 Lot 67702 (Formerly known as HS(D) 49488 P.T 49974 and HS(D) 49489 P.T 49975), Mukim of Klang, District of Klang, State of Selangor


    Land Proprietor : Brisdale Holdings Sdn. Bhd.


    Description of project : Mixed development comprising of 3,300 residential and commercial units measuring three hundred forty four (344) acres.


  • Kemayan Resources S/B (KRSB)



    Background




    Winding up date : 29 January 2010


    Liquidator : Sundarasan Arumugam


    Date of Appointment : 12 April 2011

    Project Undertaken by “KRSB”




    Name of project : Rasah Kemayan Golf and Country Township


    Location : The project is located at Rasah Kemayan, Mukim Rasah, Daerah Seremban, Negeri Sembilan Darul Khusus


    Land Proprietor : Kemayan Resources Sdn. Bhd. (In Liquidation)


    Description of project : Mixed development of commercial and residential properties

  • Lembah Kerjaya S/B (LKSB)

    Putra Intan Condominium

    Background




    Winding up date : 10 March 2009


    Liquidator : Sundarasan Arumugam


    Date of Appointment : 10 March 2009

    Project Undertaken by “LKSB”




    Name of project : Putra Intan Condominium


    Location : The project is built on land held under Master Title PM 3012, Lot 18983, Pekan Dengkil, Tempat Batu 1, Daerah Sepang, Negeri Selangor Darul Ehsan


    Land Proprietor : Lembah Kerjaya Sdn. Bhd.


    Description of project : Two hundred forty (240) units of medium cost apartment


  • Metro Tegas Dev. S/B (MTDSB)

    La Cottage Phase 1E

    Background




    Winding up date : 25 November 2008


    Liquidator : Sundarasan Arumugam


    Date of Appointment : 2 October 2009

    Project Undertaken by “MTDSB”




    Name of project : La Cottage (Taman Putra Perdana) Phase 1E


    Location : The project is built on land held under Master Title PN392590 Lot 14000 Mukim Dengkil, Daerah Sepang, Negeri Selangor Darul Ehsan


    Land Proprietor : Continental Heights Sdn. Bhd.


    Description of project : Seven hundred twenty eight (728) units of double storey houses which are seperated according to phase 1, 1C, 1D, 1E, 1F & 1G


  • Pasdec Properties S/B (PPSB)

    Kompleks Teruntum

    Background




    Winding up date : 18 October 1991


    Liquidator : Sundarasan Arumugam


    Date of Appointment : 22 February 2006

    Project Undertaken by “PPSB”




    Name of project : Kompleks Teruntum


    Location : The project is built on lands held under Master Title PN 398 Lot 146 Seksyen 18 and PN 4829 Lot 201 Seksyen 81, both in Bandar Kuantan, Daerah Kuantan, Negeri Pahang Darul Makmur


    Land Proprietor : Pasdec Properties Sdn. Bhd.


    Description of project : Twenty two (22) storey of one hundred seventy nine (179) office lots and a four (4) storey podium tower comprising of one hundred thirty six (136 ) retail lots


  • Success Villa S/B (SVSB)

    Background




    Winding up date : 2 October 2007


    Liquidator : Sundarasan Arumugam


    Date of Appointment : 13 July 2011

    Project Undertaken by “SVSB”




    Name of project : Taman Mengkibol, Kluang


    Location : Mixed Development land identified as HS(D) 40283, P.T 17509, Mukim of Kluang, Daerah of Kluang, State of Johor Darul Takzim.


    Land Proprietor : KSL Development Sdn. Bhd.


    Description of project : Residential land comprising of 1032 units measuring 244 acres


  • Uncang Emas S/B (UESB)

    Uncang-Emas-Sdn-Bhd

    Background




    Winding up date : 7 December 2005


    Liquidator : Sundarasan Arumugam


    Date of Appointment : 7 December 2005

    Project Undertaken by “UESB”




    Name of project : Taman Miharja


    Location : Taman Miharja, Cheras, Town of Kuala Lumpur, District of Kuala Lumpur


    Land Proprietor : Miharja Development Sdn. Bhd. (In Receivership)


    Description of project : Mixed development comprising of five (5) phases :-
    Phase 1 – Four hundred two (402) units of low cost apartment and three hundred seventy nine (379) units of medium low cost apartment

    Phase 2 – One thousand three hundred sixteen (1,316) units of medium cost apartment

    Phase 3A – Seven hundred fifty two (752) units of condominium

    Phase 3B – Seventy nine (79) units of three (3) storey shop lots

    Phase 3C – One (1) shopping complex comprising of three hundred fifteen (315) units and office blocks comprising of three hundred eight nine (389) units

  • Venice Hill Resort Living S/B (VHRSB)

    Venice Hill Condominium and Golf Resort

    Background




    Winding up date : 8 August 2007


    Liquidator : Sundarasan Arumugam


    Date of Appointment : 28 April 2009

    Project Undertaken by “VHRSB”




    Name of project : Venice Hill Condominium and Golf Resort


    Location : The project is built on lands held under Master Title GM 120849, Lot 14715 and GM114159, Lot 14715, Mukim Ulu Langat, Daerah Ulu Langat, Negeri Selangor Darul Ehsan


    Land Proprietor : Venice Hill Resort Living Sdn. Bhd.


    Description of project : Ten (10) towers comprising one thousand six hundred forty two (1,642) units of condominium


  • Zamrud Properties S/B (ZPSB)

    Le Chateau

    Background




    Winding up date : 9 February 2007


    Liquidator : Sundarasan Arumugam


    Date of Appointment : 24 April 2009

    Project Undertaken by “ZPSB”




    Name of project : Le Chateau 1 (formerly known as Kelab Le Chateau Apartment Kondominium) and Le Chateau 2


    Location :
    Le Chateau 1
    The project is built on lands held under Master Title GM 1334 Lot 10 and GM 1335 Lot 11, Seksyen 94B, both of Mukim Kuala Lumpur, Daerah Kuala Lumpur, Negeri Wilayah Kuala Lumpur

    Le Chateau 2
    The project is built on land held under Master Title GM 2417 Lot 108, Seksyen 94B, Mukim Kuala Lumpur, Daerah Kuala Lumpur, Negeri Wilayah Kuala Lumpur


    Land Proprietor : Zamrud Properties Sdn. Bhd.


    Description of project :
    Le Chateau 1
    – One hundred forty four (144) units of condominium and five (5) storey clubhouse


    Le Chateau 2
    – One hundred seventy two (172) units of condomini


  • Atlaw (M) Sdn Bhd

    Background




    Winding up date : 6 March 2009


    Liquidator : Sundarasan Arumugam


    Date of Appointment : 7 February 2018

    PROJECTS UNDERTAKEN BY “AMSB”




    Name of project : Taman Geriang Utama


    Location : Hulu Bernam, Hulu Selangor


    Description of project : 147 units low cost terrace house


  • Ekabina Sdn Bhd


    Background




    Winding up date : 16 August 2018


    Liquidator : Sundarasan Arumugam


    Date of Appointment : 16 August 2018

    PROJECT UNDERTAKEN BY “ESB”




    Name of project : Taman Lembah Maju


    Location :
    Description of project: Mixed development with more than 3,200 units
    a) 2 storey terrace houses – 329 units
    b) 4 storey shop office – 580 units
    c) Shop apartments – 378 units
    d) Low cost flats – 504 units
    e) Garden tower – 240 units
    f) Fortune Heights – 100 units
    g) 600 Apartment – 620 units
    h) Town House – 530 units


  • Sanjung Utama Sdn Bhd

    Background




    Winding up date : 5 September 2016


    Liquidator : Sundarasan Arumugam


    Date of Appointment : 5 September 2016

    PROJECT UNDERTAKEN BY “SUSB”




    Name of project : The 19 USJ City Mall & Rhythm Avenue Condominium


    Location : Persiaran Kewajipan, Usj 19, 47630 Subang Jaya, Selangor
    Description of project: Shopping mall and Condominium
    Block A: 291 units
    Block B: 250 units
    Block C: 328 units
    Block D: 180 units
    Retail Kiosk: 74 units
    Retail Lots : 206 units


  • Alamrio Properties Sdn Bhd



    Background




    Winding up date : 12 June 2018


    Liquidator : Sundarasan Arumugam


    Date of Appointment : 12 June 2018

    PROJECT UNDERTAKEN BY “ARPSB”




    Name of project : Duke Sentul Apartments


    Location : Jalan 1/48g, Sentul, 51000 Kuala Lumpur
    Description of project: 1.3 acre Mixed development consisting of medium cost apartments, shop lots and offices
    Parcel A – 90 storey apartment, 7 shop lots, 7 offices
    Parcel B – 15 storey apartment


  • Binanusa Sdn Bhd

    Background




    Winding up date : 17 May 2010


    Liquidator : Sundarasan Arumugam


    Date of Appointment : 23 October 2017

    PROJECT UNDERTAKEN BY “BSB”




    Name of project : Taman Desa Aman Apartments


    Location : Jalan Paya Terubong, Pulau Pinang
    Description of project: Medium low cost apartment
    Block A – 20 storeys with 266 unit
    Block B – 10 storeys with 126 units

    Name of project : Taman Terubong Jaya Apartment



    Location : Paya Terubong, Pulau Pinang
    Description of project: Medium cost and low cost apartment
    Medium cost – 1199 units
    Low cost – 1595 units


  • High-5 Confectionery Sdn Bhd

    Background




    Winding up date : 26 January 2017


    Liquidator : Sundarasan Arumugam


    Date of Appointment : 29 November 2017


  • Brisdale Holdings Sdn Bhd

    Background




    Winding up date : 25 September 2008


    Liquidator : Sundarasan Arumugam


    Date of Appointment : 7 November 201

    PROJECT UNDERTAKEN BY “EISB”




    Name of project : Sri Bayu M2 Apartment


    Location : Persiaran Pelabuhan Barat, Pulau Indah, Klang
    Description of project: 280 units medium cost apartment


  • Brisdale Development Sdn Bhd


    Background




    Winding up date : 29 February 2008


    Liquidator : Sundarasan Arumugam


    Date of Appointment : 30 August 2015

    PROJECT UNDERTAKEN BY “EISB”




    Name of project : Taman Larkin Perdana


    Location : Larkin Perdana, Johor Bahru


    Description of project : Consist of 3 type of project as per below
    a. Four Storey Shop Office (4SSO)
    Plot 2 (without title – in the midst of strata application) 32 units
    Plot 3 (with title) 40 units
    Plot 4 (with title) 40 units
    Plot 5 (with title) 40 units
    Plot 6 (with title) 52 units
    Plot 7 (with title) 52 units
    Plot 8 (with title) 56 units
    Plot 9 (with title) 40 units
    Plot 10 (with title) 48 units
    Plot 11 (with title) 40 units
    b. Sri Impian Apartment (without title – in the midst of strata application) 640 units
    c. Low Cost Flat (with title) 540 units


  • Wise Innovations Sdn Bhd


    Background




    Winding up date : 6 September 2017


    Liquidator : Sundarasan Arumugam


    Date of Appointment : 8 March 2019


  • Yayasan Sabah Shipping Sdn Bhd


    Background




    Winding up date : 30 July 2018


    Liquidator : Sundarasan Arumugam & Ling Sie Kiong


    Date of Appointment : 18 March 2019

  • Kendara Corporation Sdn Bhd


    Background




    Winding up date : 2 March 2000


    Liquidator : Sundarasan Arumugam & Ling Sie Kiong


    Date of Appointment : 25 March 2019

Receiver and Manager



  • DEINDEX CONTRACTS SDN BHD


    Background




    R&M appointment date : 21.6.2019


    R&M: Mr Sundarasan a/l Arumugam

    Name of project : Taman Telupid Jaya



    Location : Telupid


    Description of project :

    Phase 1  

    • Single storey shops – 4 unit – 90% completed  
    • Single storey semi D house – 12 units – 90% completed 
    • Single storey semi D house – 12 units – 0% units  

     Phase 2 – 0% completed  

    • Single storey terrace house – 49 units  
    • Double storey terrace house – 121 units  

     Total units – 199 units  


  • LIKAS BAY PRECINCT SDN BHD


    Background




    R&M appointment date : 8.8.2017


    R&M: Mr Sundarasan a/l Arumugam

    Name of project : Yayasan UMS



    Location : Kg. Numbok, Kuala Menggatal, Kota Kinabalu, Sabah


    Description of project : Rehabilititation
    Phase 2 : Block B1 (19 storey, 256 units) & Block B2 (19 storey, 247 units)
    Phase 1 & Phase 3 : Block C1 (23 storey, 552 units) & Block C2 (21 storey, 210 units)


  • SAGAJUTA (SABAH) SDN BHD


    Background




    a) Gold Tower:


    R&M appointment date : 25.4.2018


    R&M : Mr Sundarasan a/l Arumugam



    Name of project : Gold Tower


    Location :
    Kota Kinabalu, Sabah


    Description of project : Rehabilitation
    Tower D : 336 units
    Tower E : 278 units
    Tower F : 336 units



    b) 1Borneo Hypermall


    R&M appointment date : 8.8.2018


    R&M : Mr Sundarasan a/l Arumugam



    Name of project : 1Borneo Hypermall


    Location :
    1Borneo Hypermall Complex, Kota Kinabalu, Sabah


    Description of project : Disposal of Asset
    Unit G-200
    Unit G-200A
    Unit F-100A
    Unit F-102
    Unit F-200
    Unit F-261
    Unit F-264
    Unit F-316
    Unit F-317
    Unit F-620
    Unit F-621
    Unit F-622
    Unit S-101
    Unit S-102
    Unit S-216
    Unit S-301
    Unit S-302
    Unit S-600
    Unit S-600A
    Unit S-601
    Unit S-609



    c) Construction & Supply Bhd


    R&M appointment date : 9.10.2018


    R&M : Mr Sundarasan a/l Arumugam



    Name of project : N/A


    Scope of Job :
    Sale of Shares



  • GST REALTY SDN BHD


    Background




    R&M appointment date: 15.3.2019


    R&M: Mr Sundarasan a/l Arumugam & Mr Ling Sie Kiong

    Name of project : D’Carlton Heights



    Location : Taman Bukit Skudai, 81300 Skudai, Johor
    Description of project: Disposal of Assets
    78 units of Cluster House


  • GOODWILL DIVISION SDN BHD


    Background




    R&M appointment date : 15.3.2019


    R&M : Mr Sundarasan a/l Arumugam & Mr Ling Sie Kiong

    Name of project : D’Carlton Seaview Residences



    Location : Jalan Kempas, Taman Megah Ria, 81750 Masai, Johor
    Description of project: Disposal of Assets
    Tower A : 139 units
    Tower B : 124 units


Share our page