30 Dec 2019
MAT SHAH BIN SAFUAN AMBER MEMORY SDN BHD
- Citation
- JA-22NCVC-48-04/2018 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- JA-22NCVC-48-04/2018 (Mahkamah Tinggi)
The court held that the deposit of the seven strata titles by Solaris Estates in the winding-up petition did not prevent the plaintiff from proceeding against the defendant on the Letter of Guarantee; the security was overtaken by the adjudication of bankruptcy of the registered owner and is subject to the Director General of Insolvency under the Insolvency Act 1967, and therefore cannot be equated to a charge that discharges the guarantor's liability. Accordingly the defendant's preliminary relief was refused, the trial was ordered to proceed without delay and the specific answers to the pos…