16 Jul 2025
MILLENNIUM MALL SDN BHD PENCELAH 1. ) LOW YEW GUAN 2. ) LEE OI KUAN 3. ) LOW YEW LIM 4. ) TEO PECK KWAN 5. ) DATO TS. HJ. MOHD ZAIDI llAMDIN dan 195 lain
- Citation
- WA-28JM-34-12/2024 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-28JM-34-12/2024 (Mahkamah Tinggi)
The second JM application was dismissed because the applicant failed to discharge the burden under s405(1) on balance of probabilities: there was no documentary commitment from the alleged white knight, the SOP was speculative and inequitable to creditors, the company remained insolvent with prior JM having failed; the applications by proposed interveners were dismissed because they are unsecured creditors without locus under Rule 13(1) CRM Rules and their applications were premature and unnecessary to determine at this stage.