Malaysia Case Law: Decisions & Judgments | LexChat

Malaysia Case Law

Insolvency
  • 25 Nov 2021

    JA24C(ARB)--07/2021 (Mahkamah Tinggi)

    Citation
    JA24C(ARB)--07/2021 (Mahkamah Tinggi)
    Court
    ARB
    Case number
    JA24C(ARB)--07/2021 (Mahkamah Tinggi)

    Court found credible evidence of Defendant's insolvency (admitted), frozen accounts, audited deficits and failure to pay over RM80,000 in court-ordered costs; these factors raised reasonable doubt as to Defendant's ability to pay costs, justifying an order for security for costs. Considering the adjudication award (RM1,020,467.42), prior unpaid costs and Defendant's RM5m claim, RM400,000 security was proportionate and ordered with costs to Plaintiff.