18 Oct 2019
DATO’ SERI TIMOR SHAH RAFIQ NAUTILUS TUG & TOWAGE SDN. BHD.
- Citation
- WA-24NCC-392-08/2018 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCC-392-08/2018 (Mahkamah Tinggi)
The court exercised its discretion to refuse leave to intervene because the Proposed Intervener, an unsecured creditor seeking to pursue winding up, would disrupt a bona fide scheme of arrangement sanctioned to revive the project and protect purchasers and public interest; the interests of the collective scheme creditors and the public outweighed the single unsecured creditor's interest, and allowing intervention would likely frustrate the scheme's implementation.