LUCKSOON METAL WORKS SDN BHD v Propel Synergy Sdn Bhd

wa-24ncc-345-07-2024 High Court (Mahkamah Tinggi) 8 October 2024 • WA-24NCC-345-07/2024 • 19 min read

6 cases cited (0 SG, 6 foreign)

Catchwords

COMPANIES LAW: Winding up – Fortuna injunction – Restraining presentation of winding-up petition – Application to restrain filing of winding-up petition based on judgment debt pending leave to appeal – Whether existence of judgment debt affirmed on appeal constitutes bona fide dispute – Whether commercial solvency relevant where judgment debt exists – Whether irreparable damage relevant consideration where valid judgment debt exists CIVIL PROCEDURE: Injunctions – Fortuna injunction – Interim and permanent injunctions – Application for injunctive relief pending appeal – Whether court should grant injunction where judgment debt affirmed on appeal – Whether filing of leave to appeal creates genuine dispute over judgment debt

Judges (1)

Atan Mustaffa Yussof Ahmad Delivered

Counsel (5)

Joseph Yeo Firm Yoon & Partners Firm Joseph Yeo Counsel Defendant Khairuddin Muhammad Counsel Plaintiff Khoo Kah Yong Counsel Defendant

Parties (2)

LUCKSOON METAL WORKS Sdn Bhd Applicant PROPEL SYNERGY Sdn Bhd Respondent

Statutes Cited

Companies Act

s 218(2)(a) s 466(1)(a)

Companies Act 2016 (Cap 777)

s 466(1)(a)

Cases Cited (6)

MY (6)

[1988] 2 MLJ 449 [2007] 3 CLJ 295 [2010] 5 MLJ 34 [2011] 1 CLJ 947 [2012] 6 MLJ 817 [2018] 7 CLJ 303

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-24ncc-345-07-2024)