24 Nov 2025
CHIA KIAN YONG BATU KEMAS INDUSTRI SDN BHD PEMPETISYEN Orix Leasing Malaysia Berhad PIHAK TERKILAN 1. ) MFT RESOURCES SDN BHD 2. ) HONG LEONG BANK BERHAD 3. ) Kerajaan Malaysia
- Citation
- WA-28PW-269-06/2025 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-28PW-269-06/2025 (Mahkamah Tinggi)
The application for a stay was dismissed because the applicant failed to discharge the heavy onus to prove that the winding-up ought to be stayed; there was insufficient credible evidence of the company’s commercial/cash-flow solvency and significant opposition from key stakeholders (financial creditors and the Official Receiver), making revival of directors' powers and handing reparations to them inappropriate and prejudicial to creditors and public interest.