7 Jun 2022
PEMPETISYEN Shim De Zhen for the Applicant [Messrs Yeoh Shim Siow & Lay Kuan] PENCELAH 1. ) Ng Joo Bun for the 1 st Intervener (Dicko Engineering Sdn Bhd) [Messrs Ng & Teo] 2. ) Idris bin Seydalavi for the 9th Intervener (Teh Teng Cheng) [M
- Citation
- WA-28JM-18-10/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-28JM-18-10/2021 (Mahkamah Tinggi)
The originating summons for judicial management was dismissed because the applicant failed to prove on credible evidence that the respondent was unable to pay its debts or that judicial management would likely achieve rehabilitation or more advantageous realisation; audited and management accounts indicated sufficient assets, deadlock is not a statutory ground for judicial management, and the proposed scheme had no realistic prospect of obtaining the required creditor approval.