PENCADANG 1. ) SITI SHAQIRA BINTI SHAMSUDDIN 2. ) IFLIX SDN BHD PENCELAH FOOTBALL MALAYSIA PLT

wa-28va-2-11-2020 High Court (Mahkamah Tinggi) 25 February 2026 • WA-28VA-2-11/2020

Catchwords

Company law – Corporate voluntary arrangement – Challenge to creditors’ meeting – Sections 396, 397, 399 and 400 Companies Act 2016 – Proposal for restructuring scheme – Appointment of nominee and supervisor – Convening of creditors’ meeting – Requirement to give notice to creditors – Whether notice properly served by certificate of posting and email – Whether actual receipt of notice necessary – Compliance with court-ordered mode of service – Validity of creditors’ meeting – Whether approval of CVA proposal binding on all creditors – Whether failure of service prejudiced right to participate and vote – Delay in challenging CVA – Whether application to set aside filed after inordinate delay – Whether court should unravel completed or ongoing restructuring – Whether challenge rendered academic – Whether outcome would differ if intervening creditor voted – Proof of debt process – Right to inspect proof of debts – Whether failure to challenge related party debts material – Principles governing setting aside of creditors’ meeting – Whether conduct of intervening creditor amounts to acquiescence – Whether interests of creditors and finality of restructuring outweigh procedural complaints

Practice Areas

Judges (1)

Suhendran Sockanathan Delivered

Parties (3)

IFLIX Sdn Bhd Proposer Football Malaysia Plt Intervener Siti Shaqira binti Shamsuddin Proposer

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-28va-2-11-2020)