12 Jun 2024
TRANS FAME OFFSHORE SDN BHD 1. ) SYED IBRAHIM & CO 2. ) TFO SPV SDN BHD 3. ) HAUMEA SDN BHD PENCELAH DICADANGKAN 1. ) MALAYSIA MARINE AND HEAVY ENGINEERING SDN BHD 2. ) MUHIBBAH ENGINEERING (M) BHD 3. ) RHB BANK BERHAD PIHAK TERKILAN RHB BA
- Citation
- WA-24NCC-236-04/2023 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCC-236-04/2023 (Mahkamah Tinggi)
Application dismissed because the Judicial Manager failed to demonstrate due diligence in identifying contingent creditors (corporate guarantee), RHB was not a scheme creditor under the approved Scheme’s terms, and s.370(2)(a) cannot be used to transfer and vest non-scheme debts into the SPV absent variation of the approved Scheme which the court lacks power to effect.