LPC Investment Holdings Sdn.Bhd v KETUA PENGARAH JABATAN INSOLVENSI MALAYSIA

kb-24ncvc-30-01-2025 High Court (Mahkamah Tinggi) 28 July 2025 • KB-24NCvC-30-01/2025

Catchwords

Application for a declaration that the Plaintiff be able to enforce its lien-holder's caveat over a property belonging to a bankrupt. The lien was created before the bankruptcy and the Defendant had given a letter of undertaking to transfer the property. The Court agreed that th property outside the purview of the Defendant’s administration. The letter of undertaking was superseded by a consent judgment. The terms of the consent judgment was amended to exclude the property. Plaintiff had no cause to ask for the transfer of the property. Plaintiff did not pray for the order for sale of the property in satisfaction of the judgment debt in his application. Application dismissed.

Practice Areas

Application for a declaration that the Plaintiff be able to enforce its lien-holder's caveat over a property belonging to a bankrupt. The lien was created before the bankruptcy and the Defendant had given a letter of undertaking to transfer the property. The Court agreed that th property outside the purview of the Defendant’s administration. The letter of undertaking was superseded by a consent judgment. The terms of the consent judgment was amended to exclude the property. Plaintiff had no cause to ask for the transfer of the property. Plaintiff did not pray for the order for sale of the property in satisfaction of the judgment debt in his application. Application dismissed.

Judges (1)

Narkunavathy Sundareson Delivered

Parties (2)

KETUA PENGARAH JABATAN INSOLVENSI MALAYSIA Respondent LPC Investment Holdings Sdn Bhd Applicant

Case Significance

LPC Investment Holdings Sdn.Bhd v KETUA PENGARAH JABATAN INSOLVENSI MALAYSIA is a High Court (Mahkamah Tinggi) decision dated July 28, 2025 (citation: kb-24ncvc-30-01-2025). The case was decided by Narkunavathy Sundareson.

What was the outcome of LPC Investment Holdings Sdn.Bhd v KETUA PENGARAH JABATAN INSOLVENSI MALAYSIA?

LPC Investment Holdings Sdn.Bhd v KETUA PENGARAH JABATAN INSOLVENSI MALAYSIA is a High Court decision dated July 28, 2025. The case was heard by Narkunavathy Sundareson. See the full judgment for details.