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)
The applicant failed to satisfy the statutory requirements for judicial management under ss 404 and 405 because it did not prove inability to pay debts, failed to produce current audited financial statements and make full and frank disclosure, and relied on speculative future events (MDEC certification, SPAD claim) insufficient to show a realistic prospect of survival or rehabilitation; therefore the originating summons is dismissed.