20 Jan 2025
1. ) KHEE SAN BERHAD 2. ) KHEE SAN FOOD INDUSTRIES SDN BHD 3. ) KHEE SAN MARKETING SDN BHD 4. ) MEGA GLOBAL CONFECTIONARY SDN BHD PENCELAH 1. ) TUNAI IMPIAN ENTERPRISE SDN BHD 2. ) HSBC Bank Malaysia Berhad 3. ) Alliance Bank Malaysia Berha
- Citation
- WA-24NCC-1067-12/2022 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCC-1067-12/2022 (Mahkamah Tinggi)
The court holds that it lacks jurisdiction to vary or set aside the substance of a court-approved scheme under s366 except in cases of fraud or obvious mistakes; s369D does not empower the applicant to set aside the sanction or alter rights; Tunai is estopped for failing to disclose its conditional side-agreement and having voted for Scheme E, therefore the application to set aside Scheme E is dismissed with costs.