AMBANK ISLAMIC BERHAD v PROLINK MARKETING SDN BHD PIHAK TERKILAN CIMB BANK BERHAD

wa-28ncc-1299-12-2019 High Court (Mahkamah Tinggi) 24 September 2024 • WA-28NCC-1299-12/2019 • 9 min read

3 cases cited (0 SG, 3 foreign)

Catchwords

Petition to wind up the Respondent pursuant to sections 465(1)(e) and 466(1)a of the Companies Act 2016. The Respondent’s application for an adjournment of the hearing of the Petition. Respondent failed to satisfy this Court that there are valid grounds to adjourn the hearing of the Petition. Respondent has failed to rebut the presumption of Insolvency.

Judges (1)

Ahmad Murad bin Abdul Aziz Delivered

Counsel (8)

Lee & Loh Firm Mohd Latip & Associates Firm Shook Lin & Bok Firm Amila Ahmad Counsel Petitioner Bryan Chen Counsel Intervener Irwan Ismail Counsel Petitioner K Kandiah Counsel Respondent Ng Hooi Huang Counsel Intervener

Parties (3)

AMBANK ISLAMIC BERHAD Petitioner CIMB BANK BERHAD Aggrieved Party PROLINK MARKETING Sdn Bhd Respondent

Statutes Cited

Companies Act 2016 (Cap 777)

Insolvency Act 1967 (Cap 360)

Cases Cited (3)

MY (3)

[2001] 4 MLJ 187 [2003] 4 CLJ 7 [2010] 2 MLJ 749

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-28ncc-1299-12-2019)