Malaysia Case Law: Decisions & Judgments

Topic

Statutory demand s.466 companies act 2016

Legal area

Court

27 May 2024

JENERI OIL PALM SDN BHD DITALI PALM OIL MIL SDN BHD

Citation

WA-24NCC-46-01/2024 (Mahkamah Tinggi)
Court

High Court
Case number

WA-24NCC-46-01/2024 (Mahkamah Tinggi)

Applicant failed to demonstrate a bona fide disputed debt on substantial grounds; respondent produced a signed 2022 audit confirmation and a detailed running account explaining the s.466 demand; applicant's lack of contemporaneous challenge, reliance on an undated self-serving document and a misleading WhatsApp exhibit undermined its case; P&O v Muniammah conditions for a Fortuna injunction were not met; application dismissed with costs RM5,000.00.
18 Apr 2022

CME GROUP BERHAD BELLAJADE SDN BHD

Citation

WA-24NCC-127-03/2022 (Mahkamah Tinggi)
Court

High Court
Case number

WA-24NCC-127-03/2022 (Mahkamah Tinggi)

The debt claimed arises from a final Federal Court judgment and therefore is not bona fide disputed; the High Court will not restrain the presentation or advertisement of a winding‑up petition based on that judgment absent a stay or set aside; consequently the Fortuna injunction was not available and the originating summons was dismissed with costs.
16 Feb 2021

SIME DARBY ENERGY SOLUTION SDN BHD (sebelum ini dikenali sebagai SIME DARBY OFFSHORE ENGINEERING SDN BHD) (No. Syarikat: 214416-V) RZH SETIA JAYA SDN BHD (NO. Syarikat: 539404-K)

Citation

B-02(NCC)(A)-695-06/2020 (Mahkamah Rayuan)
Court

NCC
Case number

B-02(NCC)(A)-695-06/2020 (Mahkamah Rayuan)

The Court of Appeal allowed the appeal, holding the High Court erred in granting the Fortuna injunction because the respondent failed to establish a bona fide substantial dispute or timely commenced arbitration/proceedings to rebut the statutory presumption of insolvency; an adjudication decision can ground a winding up petition and the injunction was an inappropriate interference with the statutory and common law rights of the adjudication beneficiary to pursue winding up or enforcement.

Malaysia Case Law

JENERI OIL PALM SDN BHD DITALI PALM OIL MIL SDN BHD

CME GROUP BERHAD BELLAJADE SDN BHD

SIME DARBY ENERGY SOLUTION SDN BHD (sebelum ini dikenali sebagai SIME DARBY OFFSHORE ENGINEERING SDN BHD) (No. Syarikat: 214416-V) RZH SETIA JAYA SDN BHD (NO. Syarikat: 539404-K)