13 Jun 2025
PEMPETISYEN AMBANK ISLAMIC BERHAD WS RENT-A-CAR SDN. BHD.
- Citation
- WA-28NCC-249-03/2024 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-28NCC-249-03/2024 (Mahkamah Tinggi)
The Court found the Sessions Court judgment remained valid, the statutory demand was properly issued and not complied with within 21 days, the respondent failed to prove the alleged settlement or sale of assets and did not rebut the presumption of insolvency; accordingly the winding-up petition succeeded and the respondent company was ordered wound up with the Official Receiver appointed liquidator.