1. ) DATO' LER CHENG CHYE 2. ) LUM TUCK CHEONG v 1. ) SHARIFAH HANUM BINTI KASSIM 2. ) LIM LEE WAN 3. ) KHOZAINIYAH BT NOOR 4. ) AUSTIN FELIX PEREIRA 5. ) CIMB BANK BERHAD PENCELAH 1. ) AMBANK (M) BERHAD 2. ) BANK MUAMALAT MALAYSIA BERHAD

wa-24ncc-6-01-2026 High Court (Mahkamah Tinggi) 12 April 2026 • WA-24NCC-6-01/2026 • 29 min read
6 cases cited (3 SG, 3 foreign)

Outcome

For the reasons above, I allowed the OS. I ordered that the costs of the OS be borne by the assets of the company, as prayed for by the Plaintiffs.

Quoted verbatim from the judgment of High Court (Mahkamah Tinggi) (wa-24ncc-6-01-2026). Read the full judgment on the official Malaysia Courts portal for the complete decision.

Catchwords

Originating summons – Scheme of Arrangement – Whether the defendants (purchasers) and their end-financiers are deemed as non-participating scheme creditors (as provided in the Explanatory Statement) by reason of their failure to pay the Scheme Support Payment – Whether the defendants’ sale and purchase agreements are thereby deemed cancelled – Whether the defendants and their end-financiers are bound by the Scheme of Arrangement – Whether the plaintiffs (liquidators) are bare trustees of the subject properties

Practice Areas

Civil Procedure Company Law

Judges (1)

Quay Chew Soon Delivered

Counsel (10)

Akram Hizri, Azad & Azmir Firm K Y Sim & Co. Firm Lim Han & Teoh Firm Sidek Teoh Wong & Dennis Firm Chow Yee Wan Counsel Plaintiff Faritz Eikhlas bin Ishak Counsel Intervener Mohamad Haziq bin Mohamad Asman Counsel Intervener Mohd Khairi bin Ahmad Tarmizi Counsel Defendant Muhammad Nasim bin Shafie Counsel Intervener Sim Kok Yew Counsel Defendant

Parties (9)

AMBANK BERHAD Intervener BANK MUAMALAT MALAYSIA BERHAD Intervener CIMB BANK BERHAD Respondent Austin Felix Pereira Respondent Dato' Ler Cheng Chye Applicant Khozainiyah bt Noor Respondent Lim Lee Wan Respondent Lum Tuck Cheong Applicant Sharifah Hanum binti Kassim Respondent

Statutes Cited

Companies Act 1965
s 176
Companies Act 2016 (Cap 777)
Limitation Act 1953 (Cap 254)
Rules of Court 2012
Specific Relief Act 1950 (Cap 137)

Cases Cited (6)

SG (2)
[2008] SGCA 18 [2012] SGCA 7
SLR (1)
[2012] 2 SLR 189
MY (3)
[1979] 1 MLJ 24 [1995] 3 CLJ 783 [2015] 2 CLJ 1062

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-24ncc-6-01-2026)