16 Feb 2021
SIME DARBY ENERGY SOLUTION SDN BHD (sebelum ini dikenali sebagai SIME DARBY OFFSHORE ENGINEERING SDN BHD) (No. Syarikat: 214416-V) RZH SETIA JAYA SDN BHD (NO. Syarikat: 539404-K)
- Citation
- B-02(NCC)(A)-695-06/2020 (Mahkamah Rayuan)
- Court
- NCC
- Case number
- B-02(NCC)(A)-695-06/2020 (Mahkamah Rayuan)
The Court of Appeal allowed the appeal, holding the High Court erred in granting the Fortuna injunction because the respondent failed to establish a bona fide substantial dispute or timely commenced arbitration/proceedings to rebut the statutory presumption of insolvency; an adjudication decision can ground a winding up petition and the injunction was an inappropriate interference with the statutory and common law rights of the adjudication beneficiary to pursue winding up or enforcement.