25 Mar 2025
WONG MAN FAI FRANKIE 1. ) TSENG FREYA HEMMON FAN YEA 2. ) FOREBASE PROPERTY SDN BHD PENCELAH HONG LEONG BANK BERHAD
- Citation
- WA-24NCC-321-07/2024 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCC-321-07/2024 (Mahkamah Tinggi)
The court found material change of circumstances (issuance of CCC, KPKT approval and continuing LAD accrual) and that the injunctions were causing undue hardship and operational paralysis; on balance of convenience the injunctions should be varied to allow the plaintiff to perform narrowly defined operational acts (statutory submissions, HDA claims, loan matters, appoint solicitors and auditors, issue valuation certification subject to independent review, and arrange use of funds to settle debts) with specified safeguards and reporting, because these steps protect the company and creditors an…