MDSA RESOURCES SDN BHD v Adrian Sia Koon Leng

02i-65-07-2022m Federal Court (Mahkamah Persekutuan) 3 July 2023 • 02(i)-65-07/2022(M)

Catchwords

Proposed scheme of arrangement under section 366(1) of the Companies Act 2016 Whether the votes of related-party creditors are to be treated differently from the votes of other creditors in the same class in the scheme of arrangement. Whether the issue of proper classification of creditors should be determined at the Court leave stage Inadequate disclosure in the explanatory statement at the scheme sanction stage

Practice Areas

Company Law

Judges (3)

Abdul Rahman bin Sebli Delivered Nordin bin Hassan Coram Zabariah binti Mohd Yusof Coram

Parties (2)

MDSA RESOURCES Sdn Bhd Appellant Adrian Sia Koon Leng Respondent

Judgment

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Read on eJudgment

Source: eJudgment (02i-65-07-2022m)