BADAN PENGURUSAN BERSAMA LINGKARAN MAJU v ASM DEVELOPMENT SDN. BHD.
Catchwords
Stakeholder Account – Release of Stakeholder Funds Post-Adjudication – Whether sums held in a stakeholder account pursuant to interlocutory orders should be released to the petitioner following the dismissal of the respondent’s challenge. Section 469(1)(c) CA 2016 - Scope of Judicial Powers under Section 469(1)(c) CA 2016 – Whether the High Court may direct the release of funds to a creditor in a winding up petition without exceeding its jurisdiction under Section 469. Effect of Pending Appeals on Tribunal Awards – Whether a pending appeal against the High Court’s dismissal of a challenge to tribunal awards affects the enforceability of those awards in winding up proceedings. Distinction Between Creditor Petitions and Shareholder Disputes Whether the principles in See Teow Guan v Kian Joo Holdings apply to creditor-initiated winding up petitions based on judgment debts.
Judges (1)
Case Significance
BADAN PENGURUSAN BERSAMA LINGKARAN MAJU v ASM DEVELOPMENT SDN. BHD. is a High Court (Mahkamah Tinggi) decision dated August 13, 2025 (citation: wa-28ncc-219-03-2024). The case was decided by Mohd Arief Emran bin Arifin.
Key issues: Distinction Between Creditor Petitions and Shareholder Disputes Whether the principles in See Teow Guan v Kian Joo Holdings apply to creditor-initiated winding up petitions based on judgment debts..
What was the outcome of BADAN PENGURUSAN BERSAMA LINGKARAN MAJU v ASM DEVELOPMENT SDN. BHD.?
BADAN PENGURUSAN BERSAMA LINGKARAN MAJU v ASM DEVELOPMENT SDN. BHD. is a High Court decision dated August 13, 2025. The case was heard by Mohd Arief Emran bin Arifin. See the full judgment for details.
Judgment
Read the full judgment on the official Malaysia Courts portal.
Read on eJudgmentSource: eJudgment (wa-28ncc-219-03-2024)