12 Mar 2025
1. ) KNM GROUP BERHAD 2. ) KNM PROCESS SYSTEMS SDN. BHD. PENCELAH 1. ) Hitachi Zosen Corporation [NOD at Encl. 192] 2. ) IPL Middle East DMCC 3. ) Alam Hzem Sdn Bhd [NOD at Encl. 192] 4. ) Cypark Sdn Bhd 5. ) ANN JOO METAL SDN BHD 6. ) ANN
- Citation
- WA-24NCC-201-04/2024 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCC-201-04/2024 (Mahkamah Tinggi)
The court exercised discretion to grant convening orders because Scheme 5 (backed by a signed SPA for Borsig) made feasibility respectably arguable despite disclosure shortcomings and potential shortfall; challenges to creditor classification and premature vote discounting were rejected at convening stage; however the court lacked jurisdiction to continue ad‑interim restraining protection beyond the statutory three months under s368(1) without satisfying s368(2) pre‑conditions, so the restraining prayers in Encl 1 were dismissed and the existing ad‑interim restraining orders set aside (while…