22 Feb 2023
ICE FAR EAST SDN BHD BIAXIS (M) SDN. BHD.
- Citation
- PA-28PW-40-06/2022 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- PA-28PW-40-06/2022 (Mahkamah Tinggi)
Leave refused because the Applicant's claim is purely monetary and can be adequately and appropriately dealt with in the liquidation process by filing a proof of debt; granting leave would risk depleting the company's limited assets, give the Applicant an undue preference over other unsecured creditors and undermine the pari passu principle.