2 May 2021
STANDARD CHARTERED BANK MALAYSIA BERHAD (COMPANY NO.: 198401003274 / 115793-P) 1. KHT RECYCLE SDN BHD (COMPANY NO.: 200401003991 / 642494-T) 2. TAN HAI HING (NRIC : XXXXXX-XX-XXXX) 3. KANG CHOO LOY (NRIC : XXXXXX-XX-XXXX) 4. CHEW CHEE PENG
- Citation
- JB-22NCC-6-10/2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- JB-22NCC-6-10/2020 (Mahkamah Tinggi)
The application for stay (Enclosure 15) was dismissed because the applicants failed to discharge the onus of proving special circumstances or nugatoriness; the creditors' meeting had been held and the proposed scheme was rejected making the application academic; the restraining order had not been extended and there was no evidence of genuine, concerted efforts or reasonable progress to justify a stay.