7 Jun 2023
GLOBALCON HOLDING (M) SDN BHD PENCELAH 1. ) AMBANK (M) BERHAD 2. ) AMBANK ISLAMIC BERHAD 3. ) Wintad Plumbing Construction
- Citation
- WA-24NCC-366-08/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCC-366-08/2021 (Mahkamah Tinggi)
The Court granted leave to intervene but dismissed the applications to set aside the convening order and the restraining order because the Proposed Intervenors failed to demonstrate jurisdictional defects or exceptional circumstances (a 'roadblock') that would prevent the scheme from proceeding; disputes as to quantum and service can be addressed by filing proof of debt and by objections at the creditors' meeting, and a mere prospect of success in separate proceedings does not suffice to defeat the statutory purpose of the restraining order.