1 Jan 1900
BIAXIS (M) SDN BHD [No. Syarikat: 488260-W]
- Citation
- PA-28JM-2-11/2019 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- PA-28JM-2-11/2019 (Mahkamah Tinggi)
The application was dismissed because a secured creditor (Maybank) opposed the JMO which mandates dismissal under s.409 Companies Act 2016 absent a narrow public interest justification, and because the applicant failed to demonstrate the proposal was likely to achieve survival or better realisation due to absence of the nominated judicial manager's expert affidavit, speculative and unsigned term sheet, unverifiable recovery figures and generally insufficient credible evidence.