4 Dec 2023
Rainbow Marble & Tiling Sdn. Bhd. Stone master Corporation Berhad
- Citation
- WA-28PW-379-07/2022 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-28PW-379-07/2022 (Mahkamah Tinggi)
The court found the liquidator erred in law by rejecting the two proofs of debt on the basis that the corporate guarantees infringed ss472 and 528 CA 2016 and lacked consideration; the guarantees were supported by consideration and ss472 and 528 were inapplicable, and additional grounds not contained in Form 59 could not be relied upon absent amendment, therefore the liquidator's rejection was reversed with costs.