27 Feb 2026
MEGAFEST SDN BHD (DALAM LIKUIDASI) CEMERLANG COKE INDUSTRIAL SDN BHD
- Citation
- J-02(IM)(NCvC)-775-05/2023 (Mahkamah Rayuan)
- Court
- IM
- Case number
- J-02(IM)(NCvC)-775-05/2023 (Mahkamah Rayuan)
For undue preference claims the correct twilight period is two years and payments to directors/insiders without documentary support or valuable consideration are void and recoverable; for fraudulent preference a dominant intention to prefer is an essential element under s293 CA 1965 read with s53 IA 1967, and bona fide commercial pressure to avert winding-up can negate such intention; the date of giving of security (eg post-dated cheques) is the operative date for preference; validation under s223 CA 1965 requires benefit to general creditors or good faith sufficient to justify preferential p…