DESA TIASA SDN BHD v 1. ) CME GROUP BERHAD 2. ) BELLAJADE SDN BHD

b-02im-626-04-2023 Court of Appeal (Mahkamah Rayuan) 3 December 2024 • B-02(IM)-626-04/2023 • 8 min read
2 cases cited (0 SG, 2 foreign)

Outcome

For the reasons explained here, we allowed the appeal and set aside the20 order of the High Court. We directed Bellajade to pay costs of RM10,000 to the appellant and another RM10,000 to CME Group Berhad, with such costs to be subject to an allocatur.

Quoted verbatim from the judgment of Court of Appeal (Mahkamah Rayuan) (b-02im-626-04-2023). Read the full judgment on the official Malaysia Courts portal for the complete decision.

Catchwords

Application by an unsecured creditor to intervene in judicial management proceedings under the Companies Act 2016; Rule 13 of the Companies (Corporate Rescue Mechanism) Rules 2018; statutory construction; whether rule 13 was ultra vires the 2016 Act.

Practice Areas

Company Law Bankruptcy & Insolvency

Judges (3)

Azizah binti Haji Nawawi Coram Azizul Azmi bin Adnan Delivered Choo Kah Sing Coram

Counsel (11)

Jamie Wong Firm S Ravenesan Firm Sun & Michele Firm Dato' Malik Imtiaz Sarwar Counsel Appellant Jamie Wong Counsel Appellant Janice Tay Counsel Respondent Kelvesh Deshenraj Counsel Appellant Michele Kaur Counsel Respondent S Raven Counsel Respondent Tee Yee Man Counsel Respondent Wong Ming Yen Counsel Appellant

Parties (3)

BELLAJADE Sdn Bhd Respondent CME GROUP BERHAD Respondent DESA TIASA Sdn Bhd Appellant

Statutes Cited

Companies Act 2016 (Cap 777)
s 616
Rules of Court 2012

Cases Cited (2)

MY (2)
[2002] 2 CLJ 413 [2020] MLJU 723

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (b-02im-626-04-2023)