7 Mar 2024
JAKS SDN. BHD. JAKS ISLAND CIRCLE SDN. BHD. (DALAM LIKUIDASI)
- Citation
- BA-24NCC-95-08/2023 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-24NCC-95-08/2023 (Mahkamah Tinggi)
The court held that the effective date for the contra arrangement is the date the parties agreed and recorded the arrangement (15 September 2021), not the later date of formal execution of the SPAs (14 December 2021); because the agreement date was outside the six‑month twilight period preceding the creditors' voluntary winding up, section 528 did not invalidate the transactions and the Originating Summons (prayers 1–7) was allowed.