10 Jan 2023
PEMPETISYEN 1. ) HSBC AMANAH MALAYSIA BERHAD 2. ) AMBANK ISLAMIC BERHAD 3. ) BANK ISLAM MALAYSIA BERHAD 4. ) MIDF AMANAH INVESTMENT BANK BERHAD 5. ) STANDARD CHARTERED SAADIQ BERHAD 6. ) UNITED OVERSEAS BANK (MALAYSIA) BHD SERBA DINAMIK GRO
- Citation
- WA-28NCC-347-04/2022 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-28NCC-347-04/2022 (Mahkamah Tinggi)
The application to adjourn was dismissed because the respondent failed to produce credible evidence to support its assertions that assets would suffice to repay creditors or that an out-of-court sale would produce superior returns; Interim Liquidator reports and the companies' refusal to provide mandatory statements of affairs demonstrated insolvency and lack of transparency; contested/encumbered assets and procedural delay would prejudice creditors, therefore adjournment was not justified.