PEMIUTANG PENGHAKIMAN MALAYSIA DEBT VENTURES BERHAD PENGHUTANG PENGHAKIMAN AZNAM BIN ABDULLAH

PEMIUTANG PENGHAKIMAN MALAYSIA DEBT VENTURES BERHAD PENGHUTANG PENGHAKIMAN AZNAM BIN ABDULLAH

The appeal is dismissed because the amended Bankruptcy Notice specified the amount payable and the debtor failed to provide a specific calculation or to challenge the amount within the time allowed; therefore under Section 3(2)(ii) Insolvency Act 1967 the notice is not invalid and the debtors contention that omission of IIMM rate/Tawidh breakdown renders the BN a nullity fails.

Citation
WA-29NCC-258-02/2022 (Mahkamah Tinggi)
Parties
Judgment Debtor: Aznam bin Abdullah; Judgment Creditor: Malaysia Debt Ventures Berhad
Court
High Court
Jurisdiction
Malaysia
Judgment Date
27 November 2023
Case Number
WA-29NCC-258-02/2022 (Mahkamah Tinggi)
Procedural Posture
Bankruptcy / Appeal to Judge in Chambers Against Senior Assistant Registrars Dismissal of Debtors Rule 17 Application to Set Aside Amended Bankruptcy Notice
Outcome
Appeal dismissed with costs
Legal Topics
Bankruptcy Notice, Tawidh (compensatory Interest), Calculation and Specification of Sums in Notices, Section 3(2)(ii) Insolvency Act 1967
Source Language
Malay/English
Bankruptcy Insolvency Law Civil Procedure Bankruptcy Notice Tawidh (compensatory Interest) Calculation and Specification of Sums in Notices Section 3(2)(ii) Insolvency Act 1967

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Parties

Aznam bin Abdullah

Judgment Debtor

Malaysia Debt Ventures Berhad

Judgment Creditor

Procedural Posture

Bankruptcy / Appeal to Judge in Chambers Against Senior Assistant Registrars Dismissal of Debtors Rule 17 Application to Set Aside Amended Bankruptcy Notice

Legal Issues

  1. 1 Whether the amended Bankruptcy Notice is invalid for containing a manifestly erroneous or excessive amount
  2. 2 Whether omission to specify IIMM rate and breakdown of Tawidh renders the BN a nullity
  3. 3 Whether debtors failure to specify the correct amount within the time allowed precludes invalidating the BN

Ratio Decidendi

The appeal is dismissed because the amended Bankruptcy Notice specified the amount payable and the debtor failed to provide a specific calculation or to challenge the amount within the time allowed; therefore under Section 3(2)(ii) Insolvency Act 1967 the notice is not invalid and the debtors contention that omission of IIMM rate/Tawidh breakdown renders the BN a nullity fails.

Court Disposition

Appeal dismissed with costs

Orders

  • Appeal dismissed with costs to the judgment creditor