wa-28jm-18-05-2024 — MAJU HOLDINGS SDN BHD PENCELAH 1. ) BRIDGEX SDN BHD 2. ) Maybank Islamic Berhad 3. ) ANTAH SCHINDLER SDN. BHD. 4. ) ZAFAS SDN BHD

Catchwords

Company Law - Judicial Management - Application for judicial management order - Companies Act 2016, ss.404 and 405 - Whether objectives in s.405(1)(b)(i) likely to be achieved - survival of company as a going concern - Severe insolvency - Subordination of related creditors - Lack of viable plan to restore solvency - Reliance on future construction project - Absence of proof of financing - Speculative rehabilitation proposal - Strict proof required - Whether judicial management order ought to be refused.

Practice Areas

Company Law

Judges (1)

Suhendran Sockanathan Delivered

Counsel (16)

A.J Ariffin, Yeo & Harpal Firm Azmi Fadzly Maha & Sim Firm Jasbeer, Nur & Lee Firm Teoh Chambers Firm Ahmad Fazli Counsel Respondent Dato' Jasbeer Singh Counsel Applicant Faeza Suraya Roselan Counsel Respondent Ivanpal Singh Grewal Counsel Respondent Keshvinder Kaur Counsel Respondent Koh Mun Hoong Counsel Respondent Nakeeran Kumar Kanthavel Counsel Applicant Nur Adlina Counsel Applicant S. Muhillan Counsel Respondent Samantha Sum Pui Si Counsel Respondent Teoh Ting Wei Counsel Respondent Wong Hok Mun Counsel Respondent

Parties (5)

ANTAH SCHINDLER Sdn Bhd Intervener BRIDGEX Sdn Bhd Intervener MAJU HOLDINGS Sdn Bhd Applicant MAYBANK ISLAMIC BERHAD Intervener ZAFAS Sdn Bhd Intervener

What was the outcome of MAJU HOLDINGS SDN BHD PENCELAH 1. ) BRIDGEX SDN BHD 2. ) Maybank Islamic Berh...?

MAJU HOLDINGS SDN BHD PENCELAH 1. ) BRIDGEX SDN BHD 2. ) Maybank Islamic Berh... is a High Court decision dated November 18, 2025. The case was heard by Suhendran Sockanathan. See the full judgment for details.

Statutes Cited

Companies Act 2016 (Cap 777)

UK Insolvency Act 1986

s 8(1)(b)

Cases Cited (10)

SLR (1)

[1994] 2 SLR(R) 298

UK (2)

[1989] 1 WLR 368 [2004] EWHC 2430

MY (7)

[1990] 2 MLJ 21 [2011] MLJU 368 [2019] 8 MLJ 473 [2019] MLJU 148 [2023] 5 CLJ 628 [2025] 8 MLJ 875 [2025] MLJU 4147

MAJU HOLDINGS SDN BHD PENCELAH 1. ) BRIDGEX SDN BHD 2. ) Maybank Islamic Berhad 3. ) ANTAH SCHINDLER SDN. BHD. 4. ) ZAFAS SDN BHD