PEMIUTANG PENGHAKIMAN SMALL MEDIUM ENTERPRISE DEVELOPMENT BANK MALAYSIA BERHAD PENGHUTANG PENGHAKIMAN AHMAD TAHFIZ BIN ISHAK
Catchwords
Insolvency — Bankruptcy — Leave to institute bankruptcy proceedings — s. 5(3)(b) Insolvency Act 1967 — Appeal against Registrar’s order — Scope of court’s review Guarantee — Commercial guarantee — Not a social guarantee — s. 2 Insolvency Act 1967 — Personal liability of guarantor — Joint and several obligations Insolvency — Exhaustion of execution remedies — s. 5(4) Insolvency Act 1967 — Whether creditor required to exhaust all modes listed in s. 5(6) — Futility principle — Principal debtor wound up Company insolvency — Effect of winding-up of principal debtor — Assets vesting in liquidator — Creditor precluded from further execution — Bankruptcy against guarantor proper Practice and procedure — Service — Substituted service — Delay in appointing solicitor — No procedural injustice Appeal — Registrar’s discretion — No appealable error — Appellate restraint Outcome – Appeal dismissed — Registrar’s order granting leave to commence bankruptcy proceedings affirmed
Practice Areas
Judges (1)
Judgment
Read the full judgment on the official Malaysia Courts portal.
Read on eJudgmentSource: eJudgment (ca-29ncc-256-09-2024)