26 Feb 2026
QUANTUM METAL SDN. BHD. PENCELAH 1. ) Maybank Islamic Berhad 2. ) NEW STAR BUSINESS SDN. BHD. 3. ) AIDA FUAD 4. ) AZMAN BIN AHMAD 5. ) Jun Yamada @ Abdul Rashid Bin Abdullah 6. ) NOR LIZA BINTI JELANI 7. ) NOR HAYATI BINTI MAT JAMOR 8. ) TO
- Citation
- WA-28JM-5-04/2025 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-28JM-5-04/2025 (Mahkamah Tinggi)
Applicant admitted insolvency but failed to discharge the burden to show that a judicial management order would be likely to achieve either survival as a going concern (s.405(1)(b)(i)) or a more advantageous realisation than winding up (s.405(1)(b)(iii)). The evidence advanced—principally a partnership with Crewstone—was speculative and lacked proof of the substantial funding required (no credible source for RM500,000 set‑up and RM300,000,000 capital commitment), and the public interest exception did not apply. Consequently the JM application was dismissed with costs as ordered.