28 Apr 2025
PESTECH INTERNATIONAL BERHAD
- Citation
- WA-24NCC(SOA)-1-01/2025 (Mahkamah Tinggi)
- Court
- SOA
- Case number
- WA-24NCC(SOA)-1-01/2025 (Mahkamah Tinggi)
The court sanctioned the pre-pack under section 369C because the applicant provided sufficient disclosure to sophisticated scheme creditors, properly classified the unsecured working capital lenders as one class, achieved the statutory majority by notional ballot (counting only ballots returned), appointed an insolvency practitioner whose reports confirmed viability and non-prejudice to excluded creditors, and the scheme met the modified Buckley fairness requirements; therefore sanction was justified.