31 Jul 2019
PEMPETISYEN ANN YAK SIONG HARDWARE SDN. BHD. STRAIGHT ENGINEERING SDN BHD
- Citation
- BA-28NCC-273-04/2019 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-28NCC-273-04/2019 (Mahkamah Tinggi)
The Liquidator's rejection of the POD was reasonable and justified because the applicant failed to provide verifiable and sufficient evidence of a company loan (no board resolution, absence from company records, bank statement discrepancies, unstamped agreement and uncooperative witness); the delay beyond 28 days was justified by the complexity of investigation and requests for further evidence, and Rule 98 does not automatically invalidate a rejection after 28 days where inquiry is ongoing; accordingly the court will not interfere absent unreasonableness.