29 Oct 2025
NALURI MILENIUM SDN BHD PIHAK TERKILAN BANK PERTANIAN MALAYSIA BERHAD
- Citation
- JA-28JM-5-07/2025 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- JA-28JM-5-07/2025 (Mahkamah Tinggi)
On the balance of probabilities the applicant demonstrated inability to pay debts but also presented credible, documentary evidence of assets, ongoing operations, commercial contracts and a realistic recovery plan; the court was satisfied both limbs of s405(1) were met and the application was bona fide, therefore a Judicial Management Order was warranted and granted with appointment of a judicial manager for six months and an automatic stay of proceedings.