27 Apr 2026
1. ) YAP WEE CHUN 2. ) ASHAK BIN HASSAN JALEX SDN BHD
- Citation
- W-02(NCC)(W)-1223-07/2022 (Mahkamah Rayuan)
- Court
- NCC
- Case number
- W-02(NCC)(W)-1223-07/2022 (Mahkamah Rayuan)
Section 540(1) CA 2016 extends to corporate 'persons' read with the Interpretation Act; the Court may infer subjective dishonest intent where a company continued to incur debts after its dedicated funding (TL3) was exhausted with no credible alternative funding and where concealment and non‑disclosure occurred; Yap and Ashak were directing minds of KLL and Yap's knowledge was attributable to CPSB such that CPSB, Yap and Ashak were 'knowing parties' under s.540(1); appeals dismissed and costs awarded.