27 Feb 2026
MEGAFEST SDN BHD (DALAM LIKUIDASI) 1. ) LIM KUI YONG 2. ) SIVANANTHAM A/L MUTHU KARPAN 3. ) LIM KWEE GEE
- Citation
- J-02(NCvC)(W)-764-05/2023 (Mahkamah Rayuan)
- Court
- NCvC
- Case number
- J-02(NCvC)(W)-764-05/2023 (Mahkamah Rayuan)
Payments to directors within two years that lacked documentary evidence or valuable consideration were void as undue voluntary settlements under s52 IA1967/s293 CA1965 and the directors who authorised them breached duties and are liable to repay; fraudulent preference under s53 IA1967/s293 CA1965 requires proof of a dominant intention to prefer and the date of giving post-dated cheques is the date of preference; applying these principles the Court allowed recovery against directors (Appeals 765, 761, 764), found no fraudulent preference in respect of the initial cheques given to Cemerlang Cok…