29 Mar 2022
SABAH DEVELOPMENT BANK BERHAD TYL LAND & DEVELOPMENT SDN BHD PEMPETISYEN MCC OVERSEAS (M) SDN BHD
- Citation
- WA-28PW-255-09/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-28PW-255-09/2021 (Mahkamah Tinggi)
The applicant had elected to value the charged property and participate in the liquidation for the unsecured shortfall (s524(1)(b)) as evidenced by contemporaneous documents, communications with the Official Receiver, voting at the creditors' meeting and other conduct; there was no mistake justifying expungement under Rule 95 or the court's inherent jurisdiction; the motion is dismissed and the applicant must bear costs.