PETRONAS DAGANGAN BERHAD v 1. ) INNATE SYNERGY SDN. BHD. (PENERIMA DAN PENGURUS DILANTIK) 2. ) CIMB ISLAMIC BANK BERHAD 3. ) VICTOR SAW SENG KEE (DARIPADA PWC CORPORATE BUSINESS RESTRUCTURING SERVICES PLT YANG BERTINDAK SEBAGAI PENERIMA DAN PENGURUS BAGI DEFENDAN PERTAMA) 4. ) SURENDRAN A/L SATHYA SEELAN (DARIPADA PWC CORPORATE BUSINESS RESTRUCTURING SERVICES PLT YANG BERTINDAK SEBAGAI PENERIMA DAN PENGURUS BAGI DEFENDAN PERTAMA)

wa-24nccarb-26-08-2025 High Court (Mahkamah Tinggi) 26 January 2026 • WA-24NCC(ARB)-26-08/2025

Catchwords

Arbitration — Interim measures — Injunction pending arbitration — Application to restrain receivers and managers — Whether court may restrain secured creditor’s enforcement pending arbitration — Section 11 Arbitration Act 2005 — Whether s 11 displaces American Cyanamid principles — Whether injunction preserves or alters status quo — Whether interference with receivership justified

Practice Areas

Arbitration

Judges (1)

Muhammad Adam bin Abdullah Delivered

Parties (4)

CIMB ISLAMIC BANK BERHAD Respondent INNATE SYNERGY Sdn Bhd. (PENERIMA DAN PENGURUS DILANTIK) Respondent PETRONAS DAGANGAN BERHAD Applicant Victor Saw Seng Kee (daripada Pwc Corporate Business Restructuring Services Plt Yang Bertindak Sebagai Penerima Dan Pengurus Bagi Defendan Pertama) Respondent

Judgment

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Read on eJudgment

Source: eJudgment (wa-24nccarb-26-08-2025)