27 Mar 2023
PANZANA ENTERPRISE SDN BHD LT LETRIK SDN BHD
- Citation
- WA-22NCvC-419-08/2022 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCvC-419-08/2022 (Mahkamah Tinggi)
The court held that s410(c) Companies Act 2016 requires prior leave of the court before commencing proceedings against a company under judicial management; the defendant did not obtain such leave in the judicial management proceedings, and the court exercised its discretion to refuse security for costs because lack of funds (impecuniosity) alone is not sufficient to order security; consequently the application for security for costs (Annex 7) is dismissed with costs RM4,000.00.