TASTOD CONSTRUCTION (M) SDN BHD v CONNECTION VENTURES SDN BHD
Catchwords
Company law — Winding up — Fortuna injunction — Stay of winding-up petition — Prohibition against presentation/continuation of petition — Companies Act 2016 s. 465(1)(e) Insolvency — Bona fide dispute on debt — Retention sum under deed of settlement — Whether debt genuinely disputed on substantial grounds — Debt forming subject matter of pending civil suit Practice and procedure — Abuse of winding-up jurisdiction — Winding up as pressure tactic — Draconian remedy — Alternative forum more appropriate Injunctions — Fortuna Holdings principles — Irreparable damage — Petition with no reasonable prospect of success — Pacific & Orient Insurance Co Bhd v Muniammah Muniandy applied Evidence — Financial solvency — Going concern — Ongoing projects, future income and banking facilities — No commercial insolvency shown Outcome – Fortuna injunction allowed — Winding-up petition stayed pending disposal of related civil suit — Costs awarded
Practice Areas
Judges (1)
Case Significance
TASTOD CONSTRUCTION (M) SDN BHD v CONNECTION VENTURES SDN BHD is a High Court (Mahkamah Tinggi) decision dated September 2, 2025 (citation: ca-28ncc-2-01-2025). The case was decided by Mohd Radzi bin Harun.
Key issues: Company law — Winding up — Fortuna injunction — Stay of winding-up petition — Prohibition against presentation/continuation of petition — Companies Act 2016 s. 465(1)(e).
What was the outcome of TASTOD CONSTRUCTION (M) SDN BHD v CONNECTION VENTURES SDN BHD?
TASTOD CONSTRUCTION (M) SDN BHD v CONNECTION VENTURES SDN BHD is a High Court decision dated September 2, 2025. The case was heard by Mohd Radzi bin Harun. See the full judgment for details.
Judgment
Read the full judgment on the official Malaysia Courts portal.
Read on eJudgmentSource: eJudgment (ca-28ncc-2-01-2025)