TETUAN KRISH MANIAM & CO v Sarawak Cable Berhad PENCELAH 1. ) Leader Cable Industry Bhd (Dalam Likuidasi) 2. ) Universal Cable (M) Berhad (Dalam Likuidasi) 3. ) MAHMUD ABU BEKIR TAIB PIHAK TERKILAN 1. ) Hong Leong Islamic Bank Berhad 2. ) AmBank (M) Berhad 3. ) LIM SIN HAN
6 cases cited
(0 SG, 6 foreign)
Catchwords
COMPANY LAW: Section 414 Companies Act 2016 - Financially distressed company - Interim Judicial Manager appointed - Application by interim Judicial Manager to seek directions from the Court - Utilisation of monies held by interim Judicial Manager - Application to discontinue Originating Summons TRUSTS: Monies owed to the financially distressed company - Whether monies held on trust in favour of Banks - Whether there was intention to create trust - Quistclose trust - Whether monies held on a Quistclose trust - Concept of dual trust mode propounded in Barclays Bank Ltd v. Quistclose Investments Ltd - Quistclose-type of trust in PECD Bhd (In Liquidation) v AmTrustee Bhd
Judges (1)
Counsel (13)
Ang & Wong Firm Dinesh Ratnarajah Partnership Firm S Ravenesan Firm Shearn Delamore & Co. Firm Skrine Firm Anson Liow Counsel Intervener Claudia Cheah Pek Yee Counsel Intervener Lai Xuan Chi Counsel Intervener Lew Wei Hung Counsel Applicant Mattheus Goon Kin Zhi Counsel Intervener S Raven Counsel Respondent Tay Shu Hui Counsel Respondent Toh Xianming Counsel Intervener
Parties (8)
AMBANK BERHAD Aggrieved Party Hong Leong Islamic Bank Berhad Aggrieved Party Sarawak Cable Berhad Respondent TETUAN KRISH MANIAM & CO Applicant Universal Cable Berhad (Dalam Likuidasi) Intervener Leader Cable Industry Bhd (dalam Likuidasi) Intervener Lim Sin Han Aggrieved Party Mahmud Abu Bekir Taib Intervener
Case Significance
TETUAN KRISH MANIAM & CO v Sarawak Cable Berhad PENCELAH 1. ) Leader Cable In... is a High Court (Mahkamah Tinggi) decision dated November 3, 2025 (citation: wa-28jm-21-07-2024). The case was decided by Elaine Yap Chin Gaik.
What was the outcome of TETUAN KRISH MANIAM & CO v Sarawak Cable Berhad PENCELAH 1. ) Leader Cable In...?
TETUAN KRISH MANIAM & CO v Sarawak Cable Berhad PENCELAH 1. ) Leader Cable In... is a High Court decision dated November 3, 2025. The case was heard by Elaine Yap Chin Gaik. See the full judgment for details.
Statutes Cited
Companies Act 2016
s 414(5)
Rules of Court 2012
Cases Cited (6)
UK (3)
[1968] 3 All ER 651 [1975] 1 All ER 604 [2002] 2 AC 164
MY (3)
[2014] 1 MLJ 91 [2019] 3 MLJ 281 [2021] MLJU 2769
Judgment
Read the full judgment on the official Malaysia Courts portal.
Read on eJudgmentSource: eJudgment (wa-28jm-21-07-2024)