PEMIUTANG PENGHAKIMAN YAYASAN IHSAN RAKYAT PENGHUTANG PENGHAKIMAN SAMSUDDIN BIN MOHAMAD FAUZI

wa-29ncc-474-05-2021 High Court (Mahkamah Tinggi) 6 January 2026 • WA-29NCC-474-05/2021 • 15 min read

18 cases cited (1 SG, 17 foreign)

Catchwords

Bankruptcy-Creditor's petition-Section 5 Insolvency Act 1967-Statutory threshold-Part payment by debtor-Whether creditor obliged to accept part payment-Whether reduction of debt below statutory threshold defeats petition-Jurisdiction of court-Whether petition rendered defective-Right of creditor to reject part payment-Whether bona fide exercise of creditor's rights-Appeal against refusal to set aside creditor's petition.

Judges (1)

Suhendran Sockanathan Delivered

Counsel (4)

Abdul, Low & Partners Firm Ram Reza & Muhammad Firm Irman Al-Syaffeeq bin Mohd Simin Counsel Respondent Muhamad Hafizan Shafuan bin Kamarulzaman Counsel Petitioner

Parties (2)

Samsuddin bin Mohamad Fauzi Judgment Debtor Yayasan Ihsan Rakyat Judgment Creditor

Statutes Cited

Companies Act

s 254(2)(a)

Companies Act 2016 (Cap 777)

Insolvency Act 1967 (Cap 360)

Cases Cited (18)

SLR (1)

[2021] 2 SLR 478

UK (3)

[1929] AC 72 [1986] 1 All ER 522 [2010] EWHC 13

MY (14)

[1966] 2 MLJ 39 [1992] 1 MLJ 687 [1993] 1 CLJ 477 [1993] 3 CLJ 279 [1994] 3 CLJ 373 [1996] 4 MLJ 42 [1996] MLJU 1195 [1998] 3 CLJ 563 [1999] MLJU 959 [2000] 6 CLJ 511 [2001] MLJU 781 [2005] 3 MLJ 693 [2024] MLJU 2030 [2024] MLJU 847

Judgment

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Source: eJudgment (wa-29ncc-474-05-2021)