18 Jul 2022
Hameshpal Karamjit Singh and Shelbie Diana for the Applicant [Messrs Lui & Bhullar] Fauzana binti Abdul Kari and Fatin Nur Nadhirah for the Respondent (Affin Islamic Bank Berhad) [Messrs Badruzzaman & Kamal]
- Citation
- ORIGINATING SUMMONS NO. WA-28JM-23-12/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- ORIGINATING SUMMONS NO. WA-28JM-23-12/2021 (Mahkamah Tinggi)
Applicant failed to prove inability to pay debts and did not provide current audited financial statements or full and frank disclosure; the proposals relied upon (MDEC certification, SME grant, Wizeewig) were speculative and insufficient to meet the statutory threshold under sections 404 and 405; therefore the Originating Summons for appointment of a Judicial Manager is dismissed.