12 Dec 2022
PEMPETISYEN RAINBOW ENTERPRISE CO LTD SYARIKAT MAYAZIA SDN BHD PIHAK KETIGA KETUA PENGARAH JABATAN INSOLVENSI MALAYSIA PENCELAH NORAINI BINTI MOHD ALI
- Citation
- DA-28NCC-47-12/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- DA-28NCC-47-12/2021 (Mahkamah Tinggi)
Petitioner met statutory prerequisites and served a valid demand; respondent failed to satisfy the settlement by the maturity date and thus the interest waiver no longer applied; respondent could not rebut the presumption of inability to pay under Sections 465 and 466 Companies Act 2016; accordingly the court must wind up the respondent and appoint a liquidator.