29 Oct 2019
KAYANGAN KEMAS SDN BHD TMT SOLUTIONS SDN BHD
- Citation
- WA-24C-196-10/2019 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24C-196-10/2019 (Mahkamah Tinggi)
Threshold under s.16 CIPAA was met but applicant failed to establish cogent evidence of special circumstances warranting a full stay; project completion does not automatically negate the need for corporate cash flow; TMTS had not produced up-to-date financials and there was only a possibility, not cogent proof, of insolvency; balancing the need to protect successful claimant and to secure ends of justice, court ordered partial immediate payment to TMTS and deposit of the remainder in an interest-bearing account pending the Suit.