18 Jul 2022
ALAM TEKNOKRAT SDN. BHD. AFFIN ISLAMIC BANK BERHAD
- Citation
- WA-28JM-23-12/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-28JM-23-12/2021 (Mahkamah Tinggi)
The Originating Summons was dismissed because the Applicant failed to prove inability to pay its debts and failed to demonstrate a reasonable probability of rehabilitation; the Applicant also failed to provide audited financial statements and made speculative assertions about MDEC certification and business prospects, breaching the duty of full and frank disclosure required in ex parte applications, thus not meeting requirements of sections 404/405 Companies Act 2016.