16 Jun 2023
Fauziah binti Che Ani 1. ) Pertubuhan Peladang Kebangsaan (NAFAS) 2. ) TRA Logistics Sdn. Bhd.
- Citation
- PA-28PW-53-11/2022 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- PA-28PW-53-11/2022 (Mahkamah Tinggi)
The application for a s.492 stay was dismissed because the applicant failed to prove special circumstances: there was no completed settlement or agreed time‑limited stay, no cogent evidence that revival would render the company commercially solvent, and the proposed settlement risked creating an undue preference to the petitioning creditor and prejudicing other unsecured and priority creditors (including tax).