6 Aug 2024
PEMPETISYEN KOK SIN MACHINERY SDN BHD MS TIME SDN BHD
- Citation
- BA-28NCC-1-01/2023 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-28NCC-1-01/2023 (Mahkamah Tinggi)
The Court found the Settlement Agreement, partial payment and dishonoured post-dated cheques establish the Respondent's indebtedness; the Respondent failed to show a bona fide substantial dispute over the debt; the statutory demand complied with the Act and was not satisfied within 21 days, raising an unrebutted presumption of inability to pay; accordingly the winding-up petition under Section 465(1)(e) is granted and the Official Receiver is appointed liquidator.