ACE HOLDINGS BERHAD PENCELAH 1. ) KOPERASI PERMODALAN FELDA MALAYSIA 2 BERHAD 2. ) MOHD NADZRI BIN ZAINAL ABIDIN 3. ) DATUK FAIZAN BIN ABDUL RAHMAN 4. ) NABISHAH BINTI MOHAMAD 5. ) KOPERASI TELEKOM PAHANG BERHAD 6. ) ZARINA BINTI AHMAD 7. ) ZAMIL BIN AHMAD 8. ) ARINDERPREET KAUR A/P MANJIT SINGH 9. ) JASBIR KAUR A/P MITT SINGH 10. ) TIJWANT SINGH A/L JARNAIL SINGH 11. ) DELVINDER SINGH MANN A/L MANJIT SINGH 12. ) MANJIT SINGH A/L DELBARA SINGH 13. ) HALIMAH BINTI MUHABAH 14. ) ROKAYAH BINTI M...

ba-28jm-18-08-2024 High Court (Mahkamah Tinggi) 10 April 2025 • BA-28JM-18-08/2024

Catchwords

Leave to intervene in judicial management proceeding-Section 410(c) Companies Act 2016-application to strike out JM application-whether proposed interveners are entitled to intervene in the JM application-whether JM application should be struct out at this stage-whether leave to be granted-basis to intervene-creditors of the company with existing or pending legal claims-the outcome of the JM application will affect their rights and remedies-Applicant contends that unsecured creditors are not entitled to intervene or be heard in JM applications-relied on Desa Tiasa case-proposed intervener argued that Desa Tiasa has no binding effect as it has no written judgment-appellate court decision which has not supported by written grounds cannot be treated as binding precedent-a number of High Court decisions allowed unsecured creditors to intervene in JM application-no provision in the CA 2016 or the Companies (Corporate Rescue Mechanism) Rules 2018 that limits intervention to unsecured creditors-the nature of JM application justifies access to affected parties-reinforced the objectives of JM application-each proposed interveners has a legitimate legal interest in the outcome of the JM application-rights of creditors-whether secured or unsecured-clearly affected by the outcome of the JM application-proposed interveners are allowed to intervene in the JM application-striking out application will be dealt with the JM application.

Practice Areas

Company Law Bankruptcy & Insolvency Civil Procedure

Judges (1)

Raja Rozela binti Raja Toran Delivered

Parties (30)

ACE ALLIANCE HOLDINGS Sdn Bhd Aggrieved Party ACE HOLDINGS BERHAD Applicant ENG3NIUM Sdn Bhd Aggrieved Party KOPERASI PERMODALAN FELDA MALAYSIA 2 BERHAD Intervener KOPERASI TELEKOM PAHANG BERHAD Intervener MENTERI BESAR INCORPORATION Aggrieved Party TAT HIN PRECISION ENGINEERING Sdn Bhd Aggrieved Party Amiliah binti Lathy Mohamed Aggrieved Party Aminah binti Ahmad Aggrieved Party Arinderpreet Kaur a/p Manjit Singh Intervener Dato Azmi bin Haji Jaafar Aggrieved Party Datuk Faizan bin Abdul Rahman Intervener Delvinder Singh Mann a/l Manjit Singh Intervener Halimah binti Muhabah Intervener Jasbir Kaur a/p Mitt Singh Intervener Latifa Begum binti Najardin Aggrieved Party Low Cheng Teik Aggrieved Party Manjit Singh a/l Delbara Singh Intervener Mohd Nadzri bin Zainal Abidin Intervener Nabishah binti Mohamad Intervener Nor Khalida binti Shafie Aggrieved Party Nurazleena binti Zakaria Aggrieved Party Rokayah binti Mohamed Mustapha Aggrieved Party Rokayah binti Mohamed Mustapha Intervener Suzanarita binti Samad Aggrieved Party Tan Lee Gieok Aggrieved Party Tijwant Singh a/l Jarnail Singh Intervener Ummi Fateen binti Mohd Shukri Aggrieved Party Zamil bin Ahmad Intervener Zarina binti Ahmad Intervener

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (ba-28jm-18-08-2024)