16 Jul 2025
1. ) GOLDEN PLUS HOLDINGS BERHAD 2. ) GOLDEN PLUS CONSTRUCTION SDN BHD 3. ) GOLDEN PLUS (BVI) PTE LTD 4. ) SRI SERDANG SDN BHD 5. ) PARADIZE BAZAAR SDN BHD 6. ) VENICE HEIGHTS SDN BHD 7. ) HANPOPULAR SDN BHD 8. ) YANFULL INVESTMENTS LIMITED
- Citation
- WA-22NCC-605-12/2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-605-12/2020 (Mahkamah Tinggi)
The 12th Defendant's application for a stay of execution is allowed because she established special circumstances: the judgment sum is extraordinarily large (>RM135 million), she lacks funds and would face forced liquidation and real risk of bankruptcy rendering the appeal nugatory, multiple plaintiffs are incorporated in foreign jurisdictions without reciprocal enforcement (BVI, China, Hong Kong) creating a real risk of non-recovery if monies leave Malaysia, pending winding-up proceedings against the 1st Plaintiff increase uncertainty, and the stakeholder proposal is inadequate; balancing th…