Malaysia Case Law: Decisions & Judgments

SHAILO COLD STORAGES SDN. BHD. MAYBANK ISLAMIC BERHAD PIHAK KETIGA Jabatan Insolvensi Malaysia

Citation

PA-28PW-10-04/2023 (Mahkamah Tinggi)

Court

High Court

Case number

PA-28PW-10-04/2023 (Mahkamah Tinggi)

The application was dismissed because the applicant (Shailo) lacked statutory locus under section 492, which permits only the liquidator, a creditor or a contributory to apply for a stay of winding up; therefore the court struck out the stay application.

8 Mar 2021

Abdullah Az-Zaubayr bin Awaluddin for the Applicant [Messrs Zulpadli & Edham] LAIN-LAIN 1. ) Emily Lim Yien Li for the Petitioner [Messrs Chooi & Co + Cheang & Ariff] 2. ) Cynthia Liaw Tze Feng for the Liquidator [Messrs Kee Sern, Siu & Hue

Citation: POST WINDING-UP NO: WA-28PW-354-05/2019 (Mahkamah Tinggi)
Court: High Court
Case number: POST WINDING-UP NO: WA-28PW-354-05/2019 (Mahkamah Tinggi)

The Court held the Court of Appeal only varied and did not set aside the underlying judgment; there remains an unpaid indebtedness (RM17,322,425.01) above the statutory threshold and the Applicant failed to prove satisfaction of debt or solvency; accordingly the section 493 application to terminate the Winding Up Order is dismissed and the Winding Up Order remains in force.